This scam started back in December 2023 and has targeted around 600 individuals, with many losing large amounts of money -some even their entire savings. If we do a bit of math, that $30 million divided by 600 victims averages out to $50,000 each, showing just how effective and targeted their approach is. Scammers like this will likely continue to operate, but hopefully, we can see a decrease in these scams by educating ourselves and staying aware. Newbies should be especially cautious of these tactics.
If the average person loses $50,000 each, then how can these people get scammed and lose so much money? That's a lot of money, and they should have done more research on what they were investing in. Sometimes I'm surprised to see people who are easily fooled, they're definitely offered investments that can get easy profits in a short period of time, that's why.