The trader earned $1.04 million on trading Wrapped BTC (WBTC). He has a 100% profitability of trades for the last 9 months.

The last trade about 15 hours ago was a sale of 60 WBTC for approximately $3.62M.

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🤑Bitcoin (+43%) and gold (+25%) are the most profitable among all asset classes in 2024.

This is the first time in history that these two assets managed to rank first and second in a calendar year at the same time.

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⚖️ Former FTX CEO Sam Bankman-Fried has appealed and is seeking a new trial.

He was considered guilty even before he was indicted. He was deemed guilty by the media, FTX liquidators, federal prosecutors, lawyers and creditors,'' the lawyer said in a statement.

The jury “was only allowed to see half the picture.” Sam relied on legal advice on certain business matters, but the court barred him from testifying about it and from presenting evidence that FTX and the Alameda fund were solvent.

Bankman-Fried did not lose or steal all of his money, and his investments were not risky or foolish. Many of them, like the $500 million funding of AI startup Anthropic or Solana, were prophetic.

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⚡️ Warren Buffett earned more than 90% of his fortune after he turned 65.

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📥 How not to get on honeypot?

Friends, imagine: a new coin, the chart is flying upwards, promises of golden mountains...
You are ready to invest, but stop! You might be facing a cunning honeypot — a trap designed to fool gullible investors.

📃 How does this scheme work?

• Tempting Bait. Scammers clone popular coins or create one-day projects with unrealistic promises of profits. They have a perpetually rising chart with no drawdowns.
• Smart contract with a secret. The code contains a mechanism that allows fraudsters to block the sale of tokens after purchase. The money gets trapped!
• Disappearance. Once scammers accumulate enough funds, they disappear, leaving investors with nothing.

📚 Signs of honeypot:

• Closed source smart contract.
• Anonymous development team.
• Social media with fake followers and aggressive marketing.
• Promises of super big returns too good to be true.

📑 How not to get caught?

• Check the project and its creators thoroughly, you can do it here.
• Check the source code of the smart contract (if it is open source).
• Don't trust quick and easy money.

Remember: in the world of cryptocurrencies it is important to keep a cool head and carefully check the information. Safety first.

❕ Have you ever lost money on a honeypot?

🔥 - NO
🧐 - YES

#education

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