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Recently, regulatory agencies issued risk warnings to investors, exposing a suspicious investment product called "Victory" Sauce Aroma Original Liquor (VSFOLT) and its associated RWA tokens.
The scheme of this product is as follows: promoters claim that there are physical liquor assets and shares of a Hong Kong-listed company backing the tokens, inducing investors to believe that they can share in the profits when the product matures. It appears to be a logical scheme, but in reality, it is a typical case of false asset endorsement.
Why is this a special reminder? Because these "asset tokenization" scams have been occurring frequently lately. Under the guise of RWA (Real World Asset on-chain), promising physical asset guarantees, there are many cases where investors end up losing everything. The only difference is whether they use liquor, real estate, or artworks.
Before investing, ask yourself three questions: Is this asset truly on the chain? Where does the promised return come from? Who is responsible if they run away? If you can't answer these questions, even tempting returns should be avoided.