There have been more than one outrageous fund fraud incidents in the crypto world. Take the recent case as an example - 50 million USD was directly siphoned away by an eyewash using a commonly used Address, which shows how significant a loophole must have allowed such a large sum of money to go down the drain. Even more outrageous, someone used 500 BTC for an Address security test and found that the Address might have already been stolen.



These things sound magical, but they are actually very common in the crypto world. Many people think it's just bad luck or poor vision, but what lies behind it reflects something deeper.

The essence of the crypto world is, to put it simply, wealth redistribution. Every cycle of bull and bear markets, every hacking incident, and every change in policy represents a process of wealth flowing from one group of people to another. Those who understand risk management, on-chain security, and market cycles seize every opportunity presented by changes in the Gini index, turning others' chips into their own. And those who are not cautious enough? They become the ones shuffled out of the game.

So instead of complaining about being deceived, it's better to think about how to improve your position in this redistribution.
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MultiSigFailMastervip
· 6h ago
500 BTC just disappeared like that, how disappointing is the security awareness? --- To put it bluntly, it's just a game of suckers and scythes, nothing else. --- Wealth redistribution? Sounds really nice, but it's just big fish eating small fish. --- Those who understand Risk Management have long made it to the shore, and here we are still commenting. --- Instead of thinking about how to improve your position, you should first think about how not to be played for suckers. --- 50 million just drifted away like that, I can't even earn back a month's salary. --- That's why I only dare to play with small amounts; throwing large amounts on-chain keeps me up at night. --- So, the ones who actually seize opportunities are just those few people; the rest are just supporting characters. --- On-chain security really needs to be taken seriously, otherwise, you won't even know how you died.
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ponzi_poetvip
· 6h ago
50 million dollars can disappear just like that, that's the crypto world for you, sometimes you're just the chosen fool. To be honest, improving oneself is useless, most people simply don't have the opportunity to learn. 500 BTC test addresses can still be hacked, how reckless can that be... The ones who truly make money have long since cashed out, the rest following the trend are just cannon fodder. The crypto world is just a casino, no one can win consistently, it's all about who has better luck. Instead of studying risk management, you might as well go all in, after all, you're going to lose anyway. Those who claim to understand security often die the fastest.
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GasBanditvip
· 6h ago
You are not wrong, the crypto world is just such a game, where inexperienced players peck at each other.
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CryptoGoldminevip
· 6h ago
The $50 million incident clearly illustrates poor on-chain security awareness. My mining pool has already established standard procedures for Private Key management and Address verification. For address security testing, we used 500 BTC for trial and error, which makes the TH/s expenditure seem quite unworthy. Instead of regretting, it's better to optimize our Risk Management system now. I've seen the growth curve of the computing power network; those who understand technology indeed gain more during this wave. In simple terms, wealth flows to those who are prepared. This logic has never changed.
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SchroedingerGasvip
· 6h ago
500 BTC just disappeared like that? Oh my, this isn't theft, it's like giving a gift straight away. --- To put it bluntly, it's just a lack of technical know-how, don't blame the scammers for being too smart. --- Honestly, this is how the crypto world works, either you make a ton or you lose a ton, there's no middle ground. --- Those who understand security have long been using Hardware Wallets, how can these people still use common Addresses? --- Wealth redistribution sounds nice, but in reality, it's just playing people for suckers. --- I think the problem isn't that there are too many scams, but that too many people jump in without doing their homework. --- So the key is to use your brain, nobody in the crypto world will care about your money. --- 50 million, wow, what an amazing operation to All in and hand it over to the scammers. --- On-chain security is something that really needs to be learned, otherwise it's no different than self-mutilation with a knife.
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WalletWhisperervip
· 7h ago
500 BTC just disappeared like that, how heartless can one be to play like this? --- To put it bluntly, it's a casino, winners make money and losers drink soup. --- Wait a minute, 50 million just evaporated? What the hell are these security measures? --- Risk Management is something most people don't understand at all, yet they go all in. --- The crypto world is just a game without rules, tech-savvy people harvest newbies. --- After seeing so many incidents, a Cold Wallet is still the safest. --- It's not being scammed, it's actually just being educated once. --- On-chain security is really not a trivial matter, how many people have fallen here? --- Instead of blaming the scammers, why not ask yourself why you are so easily deceived? --- In this wave of wealth transfer, which camp was I in again?
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