#AltcoinETFsLaunch #WriteToEarnUpgrade #Durov

Russian crypto trader Roman Novak, known as 'Pavel Durov's friend,' has fled to South Africa, taking about $500 million of investors' funds.

Among the victims are businessmen from China and the Middle East, Ukrainian security officials, and even a State Duma deputy.

Novak created an appearance of a large crypto project around himself:

• ordered an application for crypto transfers Fintopio from Ukrainian developers;

• claimed to have partnerships with leading IT companies;

• demonstrated connections with Arab princes and personally with Pavel Durov.

When the amount of raised funds exceeded hundreds of millions — he disappeared. Developers were left unpaid, and investors were left without money.

Interesting fact: previously Novak had already been convicted of embezzling $4 million, after which he moved to Dubai and launched a crypto investment project with tokens in Telegram again. In September, Russian security forces conducted a series of searches in Moscow exchanges, trying to trace his transactions.

For beginners, it is important to understand: the crypto market offers freedom, but along with it comes a huge risk of gullibility. The presence of loud names, 'high connections,' and promises of super profits does not guarantee honesty.

Before any investments, check:

• legal registration of the project;

• public wallets and smart contracts;

• transparency of the team;

• the presence of real products, not just promises.

Stories like this are a reminder that even a 'successful' project can turn out to be a facade.

Without verification and cold analysis, any hype turns into a trap.