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.
The scam was well organised to attract people. They operated as a crypto training centre, trading and loan platform. It would be very difficult for a novice to know that they are fraudulent. I think one of the main drivers of investing in such a platform is the easy and high returns. They usually promise to do the trading for you, while you relax and take the profit. Just yesterday I received an email about a job offer with a big wage. I knew it was a scam because the remuneration was too big for the task. I was free so I just decided to make fun of the scammer, so I replied. Immediately he asked me to move to Telegram, I knew that he had crossed the red line. Social media is a breeding ground for many scams, we need to be careful.