The Spanish police recently busted a fund scam under the guise of BTC, involving a whopping $32 million and leaving 3,600 investors empty-handed.

This scam once again exposes the chronic disease of the crypto industry: a Ponzi scheme wrapped in a technological guise, coupled with the rhetoric of 'high returns,' can easily harvest cognitive blind spots.

The ringleader's arrest warns investors - real cryptographic innovation is on licensed platforms like Gate.io, not on dazzling private mining projects.

Remember, all 'get-rich-quick schemes' that bypass compliance audits are essentially code traps for passing the buck.