source
A South Africa investment crypto platform Africypt operated by two brothers named Ameer Cajee and Raees Cajee went into hiding with users' invested assets of bitcoin worth $3.6 billion.
source
I get pissed whenever I come across an exit scam scheme I wish people would stop being greedy and either stick to holding their assets and generate low profit, one of the reasons why I've seen people joining platform paying higher RIO is because they want to make quick and easy money, they did not work for interestingly these scammers tend to be smarter they promise you a high return in few days and you pump in all your life saving to get a higher turnover.
Over the past few years, I've been a victim of such a dubious platform and I've vouch never to try anything related to an automatically daily profit-generating scheme if it's too good to be true, the only option is to flee from such. platform.
How they operate
Psychologically these scammers knew people are driven by greed and would do anything such as sell their life savings in other to double their money and become famous.
Ponzi scheme platforms are a blessing in disguise they give and take double from you in the long run the late investors suffer all the loss. once the flow of newcomers stops joining the platform the cash flow starts depreciating and within a few days, your funds start to get frozen with a pending payout, and boom you wake up one morning to hear the platform seize existing.
Identifying a Ponzi scheme
Identifying a Ponzi scheme platform can sometimes depend on your research a fact about them is they are not authorized licensed investing platform so before making a further step of investing your resource in any platform check out the platform authenticity if they are not officially recognized or backed by any well known financial organization detach from investing in such platform.
Avoiding such a platform can be easy you only need to understand there are other lucrative means of earning that necessarily don't have to do with giving out all your life savings to an unknown individual to manage.
What are your experience have you ever been a victim of such a scheme share with others so we can learn and avoid such pitfalls.