You can never wake up someone who is ready to get rich but is actually on the road to getting heavily in debt!

At the end of June, Xin Kang Jia, known as a "Middle Eastern financial giant," completely collapsed, with the actual controller absconding with 18 billion.

I just took away the wealth that doesn't match your IQ. 😂

The scam tactics are simple and crude: forging identities and platforms, packaging them as oil/gold/forex investments, promising daily returns of 1%-2% and annualized returns of 300%+.

In addition to the multi-level marketing style recruitment mechanism: recruit 50 people to be promoted to "Travel Leader," and recruit 500 people to receive a Porsche (which is still rented).

In the end, 2 million people fell for it, mostly middle-aged and elderly individuals from third and fourth-tier cities, as well as small business owners, who wanted to bet but were not the last to do so.

And the scammer had already changed his identity, sending his wife, children, and mistress abroad. In the last 48 hours, he quickly converted his cryptocurrencies and fled, precisely transferring his assets.

Ironically, local regulators had warned of risks as early as October last year, but three months before the collapse, the number of users surged by 217%, with daily deposits exceeding 120 million.

So the problem has never been that no one reminds you, but rather:

You can never wake up someone who is about to get rich.

During my university internship, I encountered the same routine. A handsome guy went to Walmart every day to promote a "15% annualized investment opportunity." The sales ladies were excited and handed over their funds just like that.

Years have passed, the scams are not new, yet they are repeated time and again.

Why? Because the essence hasn't changed:

When the speed of wealth growth exceeds a person's cognitive level, the market always finds a way to make them lose it.

The words of a scammer may sound harsh, but sometimes, the harsh truth is real.

The iron rule of this market is always:

Those who do not understand risk will always use their principal to pay tuition.