In the crypto world, the deepest pits are often dug by projects that claim high returns. The recent collapse of the LAF project is a typical case — this protocol, once touted as the "1982 Bordeaux wine," fell from a high of 92 dollars to just a few cents, while users watched it form a "death spiral."

Interestingly, what did LAF rely on to survive for more than a year? It's a simple trick - first concoct the story of "76 times in a year" to fool retail investors and older women, then constantly showcase "bottom pool reports" in community groups to create false prosperity. Once new funds continuously flow in, the project team immediately disappears without a trace.

On-chain data can better illustrate the issue. Someone checked the transaction records and found that millions of dollars had flowed entirely into anonymous wallets. At its craziest, this project even saw an increase of 1800 times, comparable to MMM back in the day—essentially the same old tricks: using the money from newcomers to pay the interests of earlier investors, along with a mechanism to earn commissions by recruiting others, which is not much different from a pyramid scheme.

When LAF collapsed, hundreds of imitation projects also revealed their true nature. The stories in the rights protection group are even more heartbreaking – just a few days ago, they were still sharing profit screenshots, and today it's all pleas for help. This time, users finally understood a truth: there are no gods in the crypto world, only actors and chives. What they care about is never some ideal or belief, but your principal.

So the smartest thing to do next time you see projects like "guaranteed profits" and "40% monthly interest" is to avoid them directly. Because in the financial world, what falls from the sky is always a trap.