@8:07 That's what I like to call the "take your money & run" clause. It's basically 1 of the biggest signs of a scam. It's also a good example of why you should read the White Paper of these things in-depth with a lawyer.
It amazes me what people will just sign without even looking. I've got several friends/acquaintances who intermitently ask me to look over employment contracts. I don't know how many times I've got halfway into the second page and said "this is a red flag, you need rid of this clause", and was then told they'd actually already signed it. So why ask for advice after you're committed? One contract was so bad I said to the guy "this must be a test, I wouldn't employ anyone who'd sign it." And they did stitch him up in exactly the way I predicted at 9.15 on his first Monday there.
read the white paper and do your due diligence before yoloing your life savings into a brand new crypto company headed by teenagers? sounds like FUD to me
@@mykal4779 Wasn't expecting Crypto Clown getting in on the action. But I guess I can't expect anything less when people like you are desperate to keep chasing the rugpulls, wanting to be the next idiot to lose all their money in a crypto scam. Here's a piece of advice you should learn to follow, don't follow the herd that fall for the "not-financial advice" of people invested in these scams. Not unless you desperately want to lose your money in the next rugpull. Also, by uttering the great battlecry of the Crypto Clowns, (FUD or FOMO) you have unconditionally agreed with everything I said & will say on the matter.
The moment I read that the CEO founded this whole business at the age of 13, it instantly triggers a redflag. Every entitlement of being an underage "prodigy" involving activities such as gambling, crypto or investment/stocks, that is always a warning for incoming scams, disasters and schemes.
You should check a case in Brazil where something very similar happened. My town was briefly known as Egypt because of a pyramid scheme exactly like this one and the dude was kown as the "Pharaoh of Bitcoin", the company was known as GAS. The operation moved around 7 billion dollars for over 10 years and when the police arrested them they got 591 bitcoins and around 46 million dollars.
69000 bitcoin? That probably would have only been enough to buy a couple of pizzas when BTC first appeared. Now that would be enough to buy a worldwide pizza chain.
@@troodon1096 And most getting into crypto aren't your honest, good-hearted individuals. They're looking for a get-rich-quick scheme as well. A VERY tiny percentage might be half-decent folks but many of them woupd fleece their investors too if the shoe were on the other foot. I never feel too bad about crypto investors who lose their money.
How do people hear 'guaranteed returns' and not immediately feel skeptical? That's like saying you bat 1000. It doesn't happen. No one ALWAYS makes money, not one only picks winners, it's just not possible.
These guys played everyone and lived to see another day. They're probably set for the rest of their lives so long as they stay under the radar and don't attract any attention.
tbf though almost everyone having some kind of crypto business is a criminal. even the mighty binance is now coming under scrutiny. i bet coinbase is dirty as well.
So many red flags that's impossible not to think the brothers did it again! The hacking clause was an alibi carefully premiditaded to get them off the hook once the money disappear. But ppl are quite gullible for investing that kind of money without reading the contract properly! Hope they will learn something with this bad experience!
I'm certain there was no hack, that the brothers played it out, the payout would be at least $200M as they claimed, nobody will get arrested and people will keep falling for these scams
i grew up in ye olde Yew York in the 1900s, if you owed people and they couldnt find you, theyd find ya family. siblings, cousins, your mother. someone knew where you were and people werent shy about going to ya grams house to get the money from her
Excuse me if my only reaction to crypto idiots losing millions of dollars in yet another crypto scam is that gif of JK Simmons laughing hysterically from Spider-Man 1.
If I invested 1 million dollars Into a company and it sent me a letter saying oh man here is 600,000 of it back buh bye you better believe I would be after them. The point is to make money not freely hand it out so some douche(s) can live debt free on my dime.
that's still stupid. if they would be like "you know what? you only get 65% of your money back." people would get furious. but if they first tell people that they will get "0%" back and then go to "well actually you could get 65% back but that means you'll never be able to claim the rest" then people are way more willing to accept this and just go on. that just some psycho-shit.
@@azinyefantasy4445maybe it's time to look into the mirror. Your money is going to be gone anyway. It's either all is gone or 'just' a part gone. If you were so stupid to invest into something like this in the first place, you better give them a tip for even returning some money....
@@jeanvaljean6433 more wishful thinking than anything. However, it’s not like their money is making money like every other billionaire. It’s on a flash drive slowly dwindling away
ahaha yeah almost like nobody forced them ahaha and it was entirely their own choice ahaha and they were dumb enough to fall for get rich schemes ahaha @@glanced
@@glanced My sympathy only goes so far; I find it difficult to be sympathetic to people who fall for ridiculously obvious scams. The scammers still did a bad thing, but... if people quit falling for obvious scams, they'd have to find victims elsewhere.
Love these videos, not the crypto side just the format and interesting stories are so great! Quick note, the math for 4:10 or so - "10% each month" would work out to be 3 times the investment in a year, 1.1^12
thats 0.1 gain per month, not 1.1, so 0.1*12=1.2 so bit more than double on original investment, or maybe cumulatively month by month, that 10% is added and next month goes up from this 110% damn I suck at maths haha
@@tetrisgonzo37you're adding 0.1, he's multiplying by 1.1. And it's compound interest so you multiply the total by 1.1 every month. It ends up being a lot more than just adding 10% of the original value.
I'm no expert, but I thought bitcoin transactions were completely transparent, and there is no way you could sell a stolen bitcoin without being caught.
On the one hand, how dare the brothers pull this. On the other hand, people dumb enough to invest in a company founded by a 13 year old and offering too-good-to-be-true terms probably deserves to lose some money.
The more I hear these kind of stories about cryptocurrency and bitcoin, the more I am surprised why people still invest in these mediums despite the history of scams and theft. I guess people are so desperate to get rich quick they'll try anything once.
The whole part about “Bitcoin being untraceable” reminds me of something funny: back in 2017, a Mexican UA-camr was found guilty of kidnapping and sentenced to 50 years in jail. He and his buddies were notorious because they demanded the ransom to be paid in BTC, supposedly because they didn’t want to be caught. Clearly not understanding how a blockchain works, and that their ass would be traced the moment they turned that BTC into pesos at any exchange. The funniest part is that this UA-camr was your typical entrepreneur/hustleporn/grindset guru, whose channel consisted of the most basic “millionaire mindset” speeches and content. Rented limo and everything. And he was arrested and sentenced so quickly that his videos are still up. And people are just destroying that fucker in the comments 😂
I can hear the bitter laughter from South Africans. We were probably late to the Crypto game because of load shedding. You can't depend on a digital wallet if theres no power half the time. 😂
Ahhh they were Indian. Makes sense. I knew they were not native South Africans 🙊. A lot of the IT scam stuff comes out of India 🤔💭. Blacks Africans we are not the best in IT. I am South African. Kudos to them for being smart. Sorry the investors lost their funds.
I've seen a lot of posts and comments about middle east scammers. I realize this is south Africa in location. But originally they appear middle eastern. Why is this a prevailing thought in crypto?
If you’re stupid enough to fall for that pitch, then you deserve to lose your money. These greedy crypto bros fall for every scam because their greed cloud what little judgement they have.
Good thing the customers signed that no responsibility for hacks clause so the brothers can get the stolen BTC back to them after their sleuths chase down the bad guys. Go African Brothers, Go !!! Great customer service rt there folks. They are even shutting down work to go find their customers cheddar. Now that's selfless people. Where can I invest? Lmk whenever they start a new company.
Let's face it, the only role Ai should have is spreading wealth across the world; bringing humanity onto a level playing field and thus removing this cancer that is fraud and disgraceful behaviour.
Yeah but thats you get with digital money!!! DM shouldnt be taken that seriously... of course its not safe!!! We should kinda move away from it. Not to it...
What are they thinking, like they're DB Cooper or something? The Interpol clearly knows their name, what they look like, and will slowly but surely bring them to justice. Why do this in the first place bruh, lol.
There's no easy way to becoming rich, just work hard and make good decisions and hopefully one day you might get there but there's a good chance you won't
Check out guard.io/kiratv for a 7-day trial and 20% off your subscription + the ability to protect 5 family members from hackers and scammers!
"Oh no!!! We've been 'hacked'!! So sorry all your money is gone bye bye please don't ask questions or investigate too hard it was the HACKERS"
""Don't ask questions, just consume product and then get excited for next products."
@@3ftninja132Love this quote lmao
@@extract3959 love your pfp lmao
@@3ftninja132 Quote is cool but not relevant to the topic or parent comment
If they’re dumb enough to get scammed they’re probably dumb enough to actually believe that.
@8:07 That's what I like to call the "take your money & run" clause. It's basically 1 of the biggest signs of a scam. It's also a good example of why you should read the White Paper of these things in-depth with a lawyer.
It amazes me what people will just sign without even looking. I've got several friends/acquaintances who intermitently ask me to look over employment contracts. I don't know how many times I've got halfway into the second page and said "this is a red flag, you need rid of this clause", and was then told they'd actually already signed it. So why ask for advice after you're committed? One contract was so bad I said to the guy "this must be a test, I wouldn't employ anyone who'd sign it." And they did stitch him up in exactly the way I predicted at 9.15 on his first Monday there.
@@jonathanj8303what was the stick up?
read the white paper and do your due diligence before yoloing your life savings into a brand new crypto company headed by teenagers? sounds like FUD to me
Big fud
@@mykal4779 Wasn't expecting Crypto Clown getting in on the action. But I guess I can't expect anything less when people like you are desperate to keep chasing the rugpulls, wanting to be the next idiot to lose all their money in a crypto scam. Here's a piece of advice you should learn to follow, don't follow the herd that fall for the "not-financial advice" of people invested in these scams. Not unless you desperately want to lose your money in the next rugpull.
Also, by uttering the great battlecry of the Crypto Clowns, (FUD or FOMO) you have unconditionally agreed with everything I said & will say on the matter.
The moment I read that the CEO founded this whole business at the age of 13, it instantly triggers a redflag. Every entitlement of being an underage "prodigy" involving activities such as gambling, crypto or investment/stocks, that is always a warning for incoming scams, disasters and schemes.
Any 13 year old figuring out Ponzi schemes: I am a business genius
I'm writing that down so I remember.
You should check a case in Brazil where something very similar happened. My town was briefly known as Egypt because of a pyramid scheme exactly like this one and the dude was kown as the "Pharaoh of Bitcoin", the company was known as GAS. The operation moved around 7 billion dollars for over 10 years and when the police arrested them they got 591 bitcoins and around 46 million dollars.
That’s hilarious about the pyramid thing
Hum! Br there! Esse é aquele que o Santinelli denunciou?
69000 bitcoin? That probably would have only been enough to buy a couple of pizzas when BTC first appeared. Now that would be enough to buy a worldwide pizza chain.
That story about the pizza still haunts my dreams...Can you even imagine what that guy must be feeling like these days???
@@obsidian00 I'm not sure what you're talking about. What story? I don't know why I'm asking, I can just Google it 😂
@@obsidian00googled it. Jesus , imagine being that guy. LOL.
@@obsidian00 it was a promoter of bitcoin. the hoops involved to get the pizza show why bitcoin value is hype
That’s BTC not dollars 🙈
People in crypto getting scammed. One of the few million times it’s happened
"Investors in crypto" getting "scammed" is a rather redundant sentence. Crypto is inherently a scam.
@@troodon1096 And most getting into crypto aren't your honest, good-hearted individuals. They're looking for a get-rich-quick scheme as well. A VERY tiny percentage might be half-decent folks but many of them woupd fleece their investors too if the shoe were on the other foot. I never feel too bad about crypto investors who lose their money.
How do people hear 'guaranteed returns' and not immediately feel skeptical? That's like saying you bat 1000. It doesn't happen. No one ALWAYS makes money, not one only picks winners, it's just not possible.
I like how decentralised stuff loves centralising in banks.
These guys played everyone and lived to see another day. They're probably set for the rest of their lives so long as they stay under the radar and don't attract any attention.
They will end up in barrels in time...lol
With the people they stole from, doubt they've been around for awhile to enjoy their wealth
Yeah, But they'll also be looking over their shoulders for the rest of their lives,
crapping their pants from any strange sound in the night.
Kinda staggering how many red flags there were beforehand about this being the mother of all rug pulls.
tbf though almost everyone having some kind of crypto business is a criminal. even the mighty binance is now coming under scrutiny. i bet coinbase is dirty as well.
So many red flags that's impossible not to think the brothers did it again! The hacking clause was an alibi carefully premiditaded to get them off the hook once the money disappear.
But ppl are quite gullible for investing that kind of money without reading the contract properly!
Hope they will learn something with this bad experience!
Every day that I don't start an NFT/crypto scam, I know that I can say I do my best to be a good person.
This is what happens when you don't bless the rains down in Africoin
I'm certain there was no hack, that the brothers played it out, the payout would be at least $200M as they claimed, nobody will get arrested and people will keep falling for these scams
i grew up in ye olde Yew York in the 1900s, if you owed people and they couldnt find you, theyd find ya family. siblings, cousins, your mother. someone knew where you were and people werent shy about going to ya grams house to get the money from her
Always nice to see my country discussed on UA-cam :')
Aweh ma se kind
Excuse me if my only reaction to crypto idiots losing millions of dollars in yet another crypto scam is that gif of JK Simmons laughing hysterically from Spider-Man 1.
ofc it didnt happen, hacks are excuses to take the money.
being paid back 65% of what you lost in a Crypto currency scam seems like a win for me, usually these people are left with empty hands.
*diamond hands
If I invested 1 million dollars Into a company and it sent me a letter saying oh man here is 600,000 of it back buh bye you better believe I would be after them.
The point is to make money not freely hand it out so some douche(s) can live debt free on my dime.
that's still stupid.
if they would be like "you know what? you only get 65% of your money back." people would get furious.
but if they first tell people that they will get "0%" back and then go to "well actually you could get 65% back but that means you'll never be able to claim the rest" then people are way more willing to accept this and just go on.
that just some psycho-shit.
@@azinyefantasy4445maybe it's time to look into the mirror. Your money is going to be gone anyway. It's either all is gone or 'just' a part gone. If you were so stupid to invest into something like this in the first place, you better give them a tip for even returning some money....
@@azinyefantasy4445then you won't get a dime. You lost exactly at a point where you trusted them your money.
They stole it all, ran off and have spent more than half on stupid expenses. They’ll be dead or broke in 5 years
$3.6 billion??? Going broke is a reach
Do you realize what an enormous sum 3 billion dollars is?? Their fortune will not be gone even if they live extremely frivolously.
@@jeanvaljean6433 more wishful thinking than anything. However, it’s not like their money is making money like every other billionaire. It’s on a flash drive slowly dwindling away
I always enjoy when you upload even if i know the story as you tell it so well and always bring up some part i didnt know :3
Npc irl be like:
Cryptobros falling for scams and losing everything 😌 A tale more engaging every time than anything Disney has made in a decade
Not only crypto bros. This is a classic ponzi scheme with fancy computer jargon. Dunno why people still fall for this shit.
yea man families losing everything and their life savings ahaha so funny right
@@glancedwell not if you intend on being such a downer about it jeez
ahaha yeah almost like nobody forced them ahaha and it was entirely their own choice ahaha and they were dumb enough to fall for get rich schemes ahaha @@glanced
@@glanced My sympathy only goes so far; I find it difficult to be sympathetic to people who fall for ridiculously obvious scams. The scammers still did a bad thing, but... if people quit falling for obvious scams, they'd have to find victims elsewhere.
Happy to see you taking all these different sponsorships bro. You make great videos you deserve to get a bag for it lol
Big facts
If only one of those would’ve been useful to the user and not another data-harvesting scam sponsorship.
@@anthonymcevans8191 That's the game
"Don't ask questions, just consume product and then get excited for next products."
Can you cover the James ‘Jimmy’ Zhong story? I think it's right up your alley. You are a fantastic creator, thank you for all your hard work.
Love these videos, not the crypto side just the format and interesting stories are so great!
Quick note, the math for 4:10 or so - "10% each month" would work out to be 3 times the investment in a year, 1.1^12
thats 0.1 gain per month, not 1.1, so 0.1*12=1.2 so bit more than double on original investment,
or maybe
cumulatively month by month, that 10% is added and next month goes up from this 110%
damn I suck at maths haha
@@tetrisgonzo37It works out as over three times as it is cumulative.
@@tetrisgonzo37you're adding 0.1, he's multiplying by 1.1. And it's compound interest so you multiply the total by 1.1 every month. It ends up being a lot more than just adding 10% of the original value.
@@tetrisgonzo371,1^12 is correct, for a multpicator after a year. It is not the win after a year, that is (1,1^12) -1
Why are people so opposed to crypto!
I'm no expert, but I thought bitcoin transactions were completely transparent, and there is no way you could sell a stolen bitcoin without being caught.
funny how it _always_ takes only one look at the founders of such projects to instantly know this is a scam
You mean the call was coming from inside the house?! What a shocker...not! Crypto has once again proven itself as a premiere IQ test.
Got em' with the ol' Nigerian Ai Prince
Sheiks
One "miner" problem
Ngl your sponsors have been spot on
I smelled rugpull from the title alone... sad.
Fleeing from the country is definitely something an innocent person does.
On the one hand, how dare the brothers pull this. On the other hand, people dumb enough to invest in a company founded by a 13 year old and offering too-good-to-be-true terms probably deserves to lose some money.
Great Video Kira, great info, great editing
Kira,Philion,Thinker,Crumb and Mavericks are my favourite channels ❤❤
The more I hear these kind of stories about cryptocurrency and bitcoin, the more I am surprised why people still invest in these mediums despite the history of scams and theft. I guess people are so desperate to get rich quick they'll try anything once.
Finally! A kira upload
I got no sympathy for people that put all there money in crypto and then lose it all lol get rich quick never ends well
always greatly enjoy your vids! :) thanks for posting!
Lol nice it’s like “the dog ate my homework” but instead it’s the savings of hundreds of thousands of people ! How hilarious.
The whole part about “Bitcoin being untraceable” reminds me of something funny: back in 2017, a Mexican UA-camr was found guilty of kidnapping and sentenced to 50 years in jail. He and his buddies were notorious because they demanded the ransom to be paid in BTC, supposedly because they didn’t want to be caught. Clearly not understanding how a blockchain works, and that their ass would be traced the moment they turned that BTC into pesos at any exchange.
The funniest part is that this UA-camr was your typical entrepreneur/hustleporn/grindset guru, whose channel consisted of the most basic “millionaire mindset” speeches and content. Rented limo and everything. And he was arrested and sentenced so quickly that his videos are still up. And people are just destroying that fucker in the comments 😂
losing 69000 bitcoins? nice.
Nice
3:15 Nothing says trustworthy like text to speech ads.
What is amazing is just how stupid and guilible people are given they keep buying into these schemes, they just don't learn, sad people
I can hear the bitter laughter from South Africans. We were probably late to the Crypto game because of load shedding. You can't depend on a digital wallet if theres no power half the time. 😂
Ahhh they were Indian. Makes sense. I knew they were not native South Africans 🙊. A lot of the IT scam stuff comes out of India 🤔💭.
Blacks Africans we are not the best in IT. I am South African. Kudos to them for being smart.
Sorry the investors lost their funds.
I work with a lot of very highly skilled black South African IT professionals.
Race has nothing to do with this.
Why would you store your money in such a company in the first place? Greed.
I don't see no harm being done
Come to think of it, this may have been how my uncle vanished in the city with 250k and lost it in months, came back defeated.
There has never been and will never be anything like KiraTV again
Brilliant job with all your videos
10% monthly growtg isn't annual doubling, it's annual tripling.
69,000, Nice.
I feel no sympathy for anyone who lost their money or even savings in anything remotely related to this.
Perfect timing on a long Thursday evening mate. 👌🏻
I've seen a lot of posts and comments about middle east scammers. I realize this is south Africa in location. But originally they appear middle eastern. Why is this a prevailing thought in crypto?
They set base in africa to remove any trace of identity and take advantage of the foreign investor identity
South Africa is a very multicultural country.
CORRECTION: The claimant’s settlement offer 65c to the RAND, that’s about 0,03 United States Dollars… Much much less…
Was surprised to see Ben McKenzie in the video. Up until then I only knew him as an actor, didn't know he was also a cryptocritic.
Are yo going to do a video on Thodex?
If you’re stupid enough to fall for that pitch, then you deserve to lose your money. These greedy crypto bros fall for every scam because their greed cloud what little judgement they have.
Wow, its a sad history, but that its a hard lesson to know about the cripto scan projects, are several in the world.
Im sorry but i have a really hard time feeling sorry for people who don't bother to do basic research before "investing".
It IS the future of finance, their finance.
Good thing the customers signed that no responsibility for hacks clause so the brothers can get the stolen BTC back to them after their sleuths chase down the bad guys.
Go African Brothers, Go !!! Great customer service rt there folks. They are even shutting down work to go find their customers cheddar. Now that's selfless people. Where can I invest?
Lmk whenever they start a new company.
Cajee has wares if you have coin
For me, the biggest takeaway was, that Ben McKenzie of "The O.C." and "Gotham" is a book co-author now.
Let's face it, the only role Ai should have is spreading wealth across the world; bringing humanity onto a level playing field and thus removing this cancer that is fraud and disgraceful behaviour.
the future of money has the future of scamming too sadly
Again, no ADs..me happy! Good video though
Yeah but thats you get with digital money!!! DM shouldnt be taken that seriously... of course its not safe!!!
We should kinda move away from it. Not to it...
Lets not over complicate things here people, just buy Bitcoin & sit on it.
Most hacks in crypto world a part of it is inside job .. 😂
Quite possibly the most not "NICE" loss in investment history
These guys need to be put away for life, along with FTX
How do people continue to fall for this nonsense that you’re going to make 10% per month what world is that happening?
This wasn’t in my subscriptions. 😤😤😤 why UA-cam
HOW CAN YOU LOSE SOMETHING THAT DOESN'T EXIST. ???
What are they thinking, like they're DB Cooper or something? The Interpol clearly knows their name, what they look like, and will slowly but surely bring them to justice. Why do this in the first place bruh, lol.
The animated pitch looks and sounds like the one John Hammond showed at the beginning of Jurassic Park.
These people think they're as legit as RazzleKhan, the queen of rap.
There is such a thing as guaranteed ROI in the usa and canada. Its just a very very slow return. IULs
there's two dislike on this video meaning...
The clue was in the name
They could arrest them if they wanted to 🙊..
Okay...so a bunch of people got scammed by an investment thats a total scam anyway. Got it.
Ban crypto
are there any "crypto bros" who arent criminals? i am beginning to doubt...
It was me, I took their money. I really wanted that PS5.
They are both dead.
Promises of cryptocurrency riches have a way of turning ordinary people into bumbling fools.
Where is Tanzaynia?
East Africa
My theory? The brothers rug-pulled their investors, took the money and ran. Just another uneventful Tuesday in Cryptoland.
Sherlock, is that you?
@@MrB10N1CLE No, just the low-rent version of the budget version of the bootleg. :p
You know what would be nice, is if schools taught scam avoidance.
Not your keys, not your wallet. Cryptocurrency can be a wonderful thing, but also rife with danger
There's no easy way to becoming rich, just work hard and make good decisions and hopefully one day you might get there but there's a good chance you won't
Africrypt sounds like an ethnic mass grave
That is nothing wait until People find out BTC has been passing off as bitcoin.
4:05 10% ROI per month wouldn't just be +120% p.a., but +214% p.a., not that either number was real lol
Nice one