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Regarding the matter of Benhamarongwang, let's talk about how top-tier crypto influencers collaborate with exchanges:
1. The exchange opens fake accounts for the KOL, which can only trade but cannot withdraw funds. The order flow is real, and the public API data is genuine; only the numbers shown to you are fake.
2. The KOL tells you they used to be a loser, but after playing derivatives, they turned their life around. Now they easily make millions every day by opening trades, and only by gambling can they turn their fortunes around.
3. You see others' fake positions worth millions, get caught up in the hype, and throw your own tens of thousands of real money into the exchange to get liquidated.
4. The KOL posts a tweet saying they also got liquidated, claiming they’re in the same boat, don’t come to me for rights protection, then turns around with a grin and asks when the exchange will send the customer loss sharing commission to their account.
People who tell you how much money they have are usually the ones coming to take your life.