DYOR — Blurt

🔥 DYOR: Why Is It So Important?

Cool Fact

In 2023, crypto investment scams in the U.S. alone totaled $3.94 billion.

What is DYOR?

🔵DYOR stands for "Do Your Own Research." It urges investors to thoroughly investigate a crypto project before investing.

🔵This means reading the whitepaper, understanding the technology, and evaluating the team and market potential. It's like doing your homework before a big exam.

🔵In the volatile crypto market, informed decisions are crucial to avoid falling for hype, fake news, or scams.

Why Do You Need It?

🔵Mitigating Risks: Understand the risks and make informed decisions.

🔵Spotting Scams: Identify red flags like unrealistic promises and lack of transparency.

🔵Maximizing Gains: Invest early in projects with real potential.

🔵Building Confidence: Stay calm during market downturns and avoid panic selling.

Summing up

🔵Verify information from multiple credible sources. Take the time to DYOR to avoid losses and make profitable investments.

###🏃Crypto Fraudster Flees Before $150M Hearing

Horst Jicha, a 64-year-old German, has become a fugitive after skipping a cryptocurrency fraud hearing in New York.

⚠️Key points:
• Jicha was under house arrest with a $5 million bail
• He is suspected of tampering with his electronic ankle monitor
• Accused of running a fraudulent scheme through the USI Tech platform

📕Case details:
USI Tech promised 140% profit in 140 days
The platform turned out to be a disguised Ponzi scheme
The scheme collapsed in early 2018 after an investigation began

💰Consequences:
• $5 million bail forfeited
• Investors lost access to their funds
• Jicha allegedly appropriated millions in Bitcoin and Ethereum
🔍 Authorities are actively searching for the fugitive, whose whereabouts are currently unknown.

PS: You can read my other related crypto post below

1.top 20 promising cryptocurrency for q4 2024 according to grayscale

2.cftc exposes multi-million dollars crypto scam

3.87 application for registration of crypto firm were rejected

4.October 2 Bitcoin saga

5.German Born Bitcoin billionaire fled from uk

6.21 YEARS accused of stealing $37M in crypto

7.top 8 cyber attack in crypto and how to stay safe

8.Satoshi nakamato identity revealed

9.did CHANGPEMG ZHAO get richer in prison or not?

10.why diversification?

11.UPTOBER start after october 19