#代币资产发行与投资 Hollywood director makes $11 million on Netflix by trading Dogecoin and earning $27 million—sounds like a legendary story, right? But the ending was being sued and facing a 90-year prison sentence. This case is worth pondering.

Misappropriating funds to speculate in cryptocurrencies involves stacking two risks. The first is legal risk—money that isn't yours is a hard line. The second is market risk—even if you make a profit, you can't escape regulatory oversight. Turning $4 million into $27 million looks like huge profit, but he didn't think through one key issue: no matter how big the profit, if the source of funds is illegal, it all ends in vain.

I've seen too many people blinded by high returns. Seeing others' investments multiply several times, they ignore basic logic like the source of money and the legitimacy of the investment. On the blockchain, it's even easier because of strong anonymity and information asymmetry. Some projects lure funds with the promise of "high returns," but in reality, it's just a rug pull.

Those who truly survive long-term understand one principle: no matter how tempting the returns, always ask where the money comes from, how to invest, and why the returns are so high. Blindly chasing high yields is like giving your money to the house. Instead of envying others for getting rich overnight, it's better to learn how to identify risks and protect your principal. That’s the foundation for long-term survival.