In my country, there's a quite famous case of a high-IQ (autistic, I believe) millionaire CEO who married a pathological liar that told him all kinds of conspiracy theories about the government, Russian hackers, his ex, and tricked him into losing a huge part of his fortune. He had to be kicked out of his own companies because he refused to back down from the batshit insane claims whispered into his ear.
High IQ does not make you immune to scams. I believe that thinking you're immune to scams because you have a high IQ only makes you more likely to fall for one some day.
In this case, the app looks to be a classic pig butchering scheme, acting as if it were a real cryptocurrency marketplace, letting people trade and exchange cryptocurrencies in a virtual environment. They may have even tranferred small amounts of money out of the "accounts" to make the whole scam more believeable. Once you transfer back and forth a couple thousand dollars, you'd probably think the app is legit, after all, and invest those millions into the lucrative money making app. Only when people try to get all of their profits out, or when the app goes down, do people find out that they've been scammed, but the money is long gone by then.
High IQ does not make you immune to scams. I believe that thinking you're immune to scams because you have a high IQ only makes you more likely to fall for one some day.
In this case, the app looks to be a classic pig butchering scheme, acting as if it were a real cryptocurrency marketplace, letting people trade and exchange cryptocurrencies in a virtual environment. They may have even tranferred small amounts of money out of the "accounts" to make the whole scam more believeable. Once you transfer back and forth a couple thousand dollars, you'd probably think the app is legit, after all, and invest those millions into the lucrative money making app. Only when people try to get all of their profits out, or when the app goes down, do people find out that they've been scammed, but the money is long gone by then.