As a blockchain analyst who's seen every rug pull in the book, even I was stunned by the audacity of this $50M Telegram-based OTC scam. This isn't your average degen story - VC firms, KOLs, and crypto whales all took the bait for 'discounted' tokens like SUI and NEAR. I'll break down the 4-stage Ponzi playbook, analyze the chain of failures (yes, including those ignored red flags), and explain why even 'smart money' isn't immune to FOMO. Bring your skepticism - we're diving deep into on-chain forensics.