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Recently, regulatory agencies issued risk warnings to investors, exposing a suspicious investment product called "Victory" Sauce Aroma Original Liquor (VSFOLT) and its associated RWA tokens.
The scheme of this product is as follows: promoters claim that there are physical liquor assets and shares of a Hong Kong-listed company backing the tokens, inducing investors to believe that they can share in the profits when the product matures. It appears to be a logical scheme, but in reality, it is a typical case of false asset endorsement.
Why is this a special reminder? Because these "asset tokenization" scams have been occurring frequently lately. Under the guise of RWA (Real World Asset on-chain), promising physical asset guarantees, there are many cases where investors end up losing everything. The only difference is whether they use liquor, real estate, or artworks.
Before investing, ask yourself three questions: Is this asset truly on the chain? Where does the promised return come from? Who is responsible if they run away? If you can't answer these questions, even tempting returns should be avoided.
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Really, as soon as you see the words "Hong Kong listed" and "physical asset collateral," you should run. I've seen too many cases.
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Who’s responsible if it runs away? Ha, that’s the most heartbreaking question.
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Liquor, houses, artworks—just change the skin and you can scam a wave of people. Truly incredible.
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I just want to know how these project teams sleep so soundly.
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Every time it’s "share profits upon maturity," but where do the profits come from, everyone?
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The name VSFOLT just doesn’t feel right. Be cautious when it opens.
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On-chain assets? Uh... just thinking about it makes me laugh.
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Another group of people will lose everything. When will they learn their lesson?
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If you can’t answer these three questions, don’t get involved. This is a lesson in real gold and silver.
These two characters, RWA, are now the pass for scammers.
If they run away, who’s responsible? Haha, no one is responsible at all, okay?
All such projects should be completely frozen; don’t harm retail investors anymore.
If there were real assets, why insist on issuing tokens? Isn't direct financing better?
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RWA scams are really everywhere now, this time it's about alcohol.
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Hong Kong listed company shares? Ha, I just want to know which company dares to endorse.
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Asking yourself three questions, that part was spot on. 99% of people can't answer and are still going all in.
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It's always asset-backed, always losing everything. Why do people still fall for it?
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Who's responsible if they run away? Uh... that question has no answer.
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From alcohol to real estate to art, scam artists are truly the kings of chaos.
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I just want to ask, how many more chives need to be cut this time before it's over?