Steve Colwill: The Voice of DeFi Deception – A New 2.5 Hour Audio Leak Exposes It All

If you thought 51 voice messages were enough to understand the manipulative mind of Steve Colwill — aka Digital Degen — think again.

In this follow-up exposé, we dive even deeper. This time, it’s not just clips. It’s two hours and twenty-five minutes of unfiltered voice recordings from Steve’s private Telegram group — where the real agenda comes through loud and clear.

Steve doesn’t just dabble in high-risk DeFi schemes. He grooms, manipulates, and persuades people into handing over their money under the guise of transparency and trust. His claim? That he’s “just documenting his journey.” But what he’s really doing is recruiting, pitching unregulated investment schemes, and positioning himself as the middleman in shady backroom deals involving real estate, liquidity pooling, and crypto projects with “no transparency but big potential.”

And this isn’t Steve Colwill first rodeo.

In these recordings, Steve admits he once ran a now-defunct YouTube channel called Coin Ventures, which had over 12,000 subscribers — until it was taken down by YouTube, likely due to the same shady patterns of behaviour. His most recent channel, Digital Degen, was actively taken down after our last investigation. Now, he’s deleted his Telegram group as well. He knows we’re watching. And he’s trying to hide.

But it’s too late.

This blog documents everything he said — every single voice message, analysed in detail. The techniques he uses to build trust. The emotional manipulation. The push toward “private opportunities” where he handles the funds himself. The subtle hints at how to avoid regulation. And perhaps most damning of all: his repeated, casual acknowledgment that “most of these projects will rug,” yet he encourages people to jump in anyway.

This isn’t DeFi. This is deception — and you’re about to see exactly how it works.

Clip 1 (00:00:00)
Ponzi/Platform Mentioned: None directly (Private Real Estate)
Summary: Steve talks about his real estate ventures in the Dominican Republic, claiming strong rental performance and capital appreciation. He positions this as a “real investment” compared to DeFi.
Red Flags: Soliciting real estate investments through a DeFi Telegram group; blurs line between personal opinion and financial promotion.
Warnings: No verification of property ownership, rental income, or management company. Encourages private contact to discuss terms, possibly breaching solicitation laws.

Clip 2 (00:02:33)
Ponzi/Platform Mentioned: Undisclosed (referred to as Jaime’s Project)
Summary: Steve describes a new DeFi project with auto-payout features, claiming monthly returns of 10–15%. He says he knows the people behind it and was given early access.
Red Flags: No names, no legal documents, no whitepaper; uses “trust me” language based on private discussions.
Warnings: Claims manual withdrawal schedule is a “protection mechanism,” which is often a tactic used to prevent mass exits. Offers fixed monthly returns without regulation.

Clip 3 (00:05:49)
Ponzi/Platform Mentioned: V-NAC, Healthy Harvest
Summary: Steve announces the collapse of two major projects and introduces a new one: 2X Boost. Claims to know the dev of V-NAC but can’t get responses anymore.
Red Flags: Cycle of collapse and immediate promotion of the next scheme. No accountability for previous promotions.
Warnings: Constant rinse-and-repeat strategy. Each failure is framed as unavoidable, while new projects are quickly pitched.

Clip 4 (00:07:29)
Ponzi/Platform Mentioned: 2X Boost
Summary: Claims someone tried to hack his 2X Boost account. Reassures followers that it’s safe because he knows the developer.
Red Flags: False sense of security by name-dropping insider access. Uses hacking story to stir loyalty and relaunch promotion.
Warnings: No security features discussed for the userbase. Leverages fear and personal anecdotes as trust-building tools.

Clip 5 (00:09:21)
Ponzi/Platform Mentioned: Unnamed trading platform
Summary: Promotes a trading platform with user-friendly features, futures, and leverage. Warns people to be careful but still promotes it.
Red Flags: Glorifies ease-of-use with leveraged products; provides no registration or oversight details.
Warnings: Appears to market high-risk derivatives to a DeFi audience without any financial education or disclaimers.

Clip 6 (00:10:18)
Ponzi/Platform Mentioned: OakSmart
Summary: Says OakSmart is still paying but he’s exiting due to ongoing 2FA issues. Admits the returns were low but steady.
Red Flags: Withdraws from a working project and removes links without warning; blames technical friction.
Warnings: Encourages exit even from paying platforms if it suits his content cycle. Signals influence over project perception.

Clip 7 (00:11:49)
Ponzi/Platform Mentioned: None
Summary: Says he’s away and not replying to DMs about real estate and a trading group. Suggests real estate is safer than DeFi.
Red Flags: Builds urgency and exclusivity while dodging questions. Plays lifestyle angle to reinforce trust.
Warnings: Uses slow replies as trust-building (i.e., “I’m busy living the dream”).

Clip 8 (00:13:19)
Ponzi/Platform Mentioned: Ventro, Asset Bridge
Summary: Says no content will be uploaded for a few days but claims several platforms are still paying.
Red Flags: No evidence provided. Ventro and Asset Bridge are not reviewed or verified.
Warnings: Uses general statements to imply health of platforms; no documentation or proof of withdrawals.

Clip 9 (00:13:53)
Ponzi/Platform Mentioned: Undisclosed
Summary: Accuses people in a rival group of pretending to be him and messaging people. Gets aggressive and tells users to leave his group.
Red Flags: Toxic group management. Uses guilt, anger, and loyalty tests to control narrative.
Warnings: Weaponises paranoia to rally support and remove dissenters. Common cult-like tactic in Ponzi groups.

Clip 10 (00:15:17)
Ponzi/Platform Mentioned: SeumTech
Summary: Shares that SeumTech may have been a rug-pull in the past under another name. Claims ignorance but removes the video.
Red Flags: Promotes before doing due diligence. Pulls content only after backlash.
Warnings: Shows repeated behaviour: jump in, promote, deny knowledge, then retreat when exposed.

Clip 11 (00:16:57)
Ponzi/Platform Mentioned: Delta Dex, SeemTech, Crew Move
Summary: Steve returns from vacation and reflects on recent inconsistencies in projects. While he previously called Delta Dex a rug pull, it’s now paying again. He also pulled a video on SeemTech due to accusations of it being a rebrand of an old scam. Crew Move, thought to be dead, is also paying again.
Red Flags: Fluctuating claims on project legitimacy, pulled content, reliance on rumors.
Warnings: Confusion creates false hope. Shows how unreliable his judgment is while still promoting platforms with little due diligence.

Clip 12 (00:18:31)
Ponzi/Platform Mentioned: Beyond Bit, Acro Trade, 2X Boost
Summary: Steve rants about people wasting his time by asking for advice and then ignoring it. He recommends Beyond Bit, Acro Trade, and 2X Boost but complains that people join other platforms and get scammed. He mentions someone losing access to $5K due to deleting their 2FA.
Red Flags: Emotional manipulation, blames victims, lacks empathy.
Warnings: Admits to having limited power to fix things while pretending to offer reliable guidance. Promotes risky projects while complaining about consequences.

Clip 13 (00:24:29)
Ponzi/Platform Mentioned: Acro Trade, ZX3, 2X Boost
Summary: Steve announces the collapse of Acro Trade and ZX3 but says they were expected. He pivots to promoting a private investment opportunity with his cousin offering 15% monthly. This “safe” deal requires KYC, contracts, and going through him personally.
Red Flags: Repeated rug pulls followed by pitch for a private deal.
Warnings: Shifts from public scams to private fund handling. Suggests his cousin will manage trades, with funds routed through Steve.

Clip 14 (00:29:03)
Ponzi/Platform Mentioned: Limbex, Legit Miners, Cellwix, Celestion, I3Q
Summary: Steve continues promoting his cousin’s trading and liquidity pool deal. He lists a new group of “trusted” platforms. Also notes that a large deposit into Limbex caused a cascade of bans, impacting his team.
Red Flags: Promotes projects while minimizing risks and ignoring past collapses.
Warnings: Recurring pattern of blame-shifting and contradiction. Promotes unknown platforms based on loose trust or anecdotes.

Clip 15 (00:30:13)
Ponzi/Platform Mentioned: Treasure Island
Summary: Steve warns users not to use the crypto wallet address shown on the Treasure Island website due to a dev error. Tells people to contact support directly.
Red Flags: Website listed incorrect wallet, slow response from developers.
Warnings: Project not ready for launch. Lack of professionalism and danger of lost funds.

Clip 16 (00:31:33)
Ponzi/Platform Mentioned: Titan 369
Summary: Steve reaffirms his faith in Titan 369, saying they’ve done what they promised. Notes the launch of their token and validator campaign. Offers to share “fun” short-term plays if people want them.
Red Flags: “Fun” language used to gloss over volatility and high risk.
Warnings: Encourages gambling mentality. Frames risky plays as part of the game, while still saying he wants people to do well.

Clip 17 (00:32:56)
Ponzi/Platform Mentioned: Zoom (General Communication)
Summary: Steve announces a private Zoom meeting to be recorded and shared. Frames it as transparency and opportunity for group engagement.
Red Flags: Promotes exclusivity and groupthink.
Warnings: Classic cult-leader tactic: exclusive access = perceived value. No actual transparency about what will be shared.

Clip 18 (00:33:33)
Ponzi/Platform Mentioned: SeemTech
Summary: Steve explains why he removed his SeemTech video. Says he was flooded with negative feedback. Claims he only invested $100 and will let it run silently.
Red Flags: Ignores research pre-investment, only reacts when public backlash hits.
Warnings: Shows pattern of “test and pray” investing with zero due diligence.

Clip 19 (00:36:15)
Ponzi/Platform Mentioned: Delta Dex, Crew Move
Summary: Reiterates that some “rugged” projects are paying again. Still unsure what’s happening but says he’ll stick with his core platforms.
Red Flags: Treats inconsistency as a normal feature of the space.
Warnings: Conveys that unpredictability is acceptable — which desensitizes followers to scams.

Clip 20 (00:37:35)
Ponzi/Platform Mentioned: Beyond Bit, Acro Trade, 2X Boost
Summary: Steve again rants about people ignoring his advice and then asking for help. Claims people waste his time. Emphasizes again that these are just his opinions, yet presents them as better than others’ judgment.
Red Flags: Shifts blame to community, portrays himself as victim/hero.
Warnings: Overstates his value while distancing himself from responsibility.

Clip 21 (00:46:21)
Ponzi/Platform Mentioned: Delta Dex, Seem Tech, Crew Move
Summary: Steve reflects on several ambiguous platforms while wrapping up his time in the Dominican Republic. He admits he hasn’t been creating content due to travel, but confirms that platforms like Delta Dex and Crew Move are still paying despite earlier fears. He expresses confusion about Seem Tech, citing accusations of it being a rebranded scam.
Red Flags: Promoting Seem Tech while acknowledging prior rug pull allegations; uncertainty about platform legitimacy.
Warnings: Confirms ongoing use of projects he can’t validate, continues experimenting despite admitting confusion and doubts.

Clip 22 (00:53:35)
Ponzi/Platform Mentioned: Beyond Bit, Acro Trade, 2X Boost
Summary: Steve vents about people wasting his time asking for advice and then ignoring it, especially when he provides his “safest picks.” He criticises members who get rugged after ignoring his recommendations. Reiterates support for Beyond Bit, Acro Trade, and 2X Boost.
Red Flags: Cultivates an echo chamber; blames victims while absolving himself of accountability.
Warnings: Presents himself as a victim while still platforming risky ventures. Shields his own liability by blaming members for ignoring advice.

Clip 23 (01:00:25)
Ponzi/Platform Mentioned: Acro Trade, ZX3, Private Trading Opportunity
Summary: Steve announces the end of Acro Trade and ZX3, citing issues from developers. Says eight platforms collapsed in two weeks. Pivots to offering a private trading deal managed by his cousin.
Red Flags: Launches private investment pitch immediately after multiple collapse announcements.
Warnings: No verification or regulation for private deal; entry through Steve, not direct with the trader. Fund custody concerns remain unaddressed.

Clip 24 (01:05:52)
Ponzi/Platform Mentioned: Limbex, 2X Boost, Legit Miners, Cellwix, Celestion, i3q
Summary: Steve provides a roundup of current projects he deems safe or promising. Again endorses 2X Boost and mentions his cousin’s trading. Admits that some projects are confusing or have questionable development histories.
Red Flags: Claims legitimacy based on vague personal performance; fails to provide external proof or documentation.
Warnings: Recommends multiple projects based solely on his experience, not objective due diligence. Offers no independent verification.

Clip 25 (01:06:27)
Ponzi/Platform Mentioned: Treasure Island
Summary: Warns users not to send crypto directly to the wallet address provided on the Treasure Island website. Claims developers mistakenly left it active. Recommends contacting support for a different address.
Red Flags: Project launched without properly functioning payment system; manual correction required via direct messaging.
Warnings: Indicates disorganised backend and potential asset loss; lacks secure or verifiable transaction flow.

Clip 26 (01:12:54)
Ponzi/Platform Mentioned: Titan 369
Summary: Shares positive outlook on Titan 369, praising the team for launching their blockchain and token as promised. Notes the project has remained stable and suggests it’s a better bet than most.
Red Flags: Token presale model with validator push, which is often used in pump-and-dump scams.
Warnings: Claims project has delivered but offers no third-party validation or blockchain explorer details; relies on anecdotal trust.

Clip 27 (01:15:25)
Ponzi/Platform Mentioned: Zoom Call Promotion for Unnamed Projects
Summary: Announces a private Zoom call for project updates, indicating it will be recorded and shared for those who miss it. No details on the specific project(s) involved.
Red Flags: Creates FOMO around private call access.
Warnings: Gatekeeping information to promote exclusivity and urgency; risk of grooming members into high-risk plays under the radar.

Clip 28 (01:18:54)
Ponzi/Platform Mentioned: Seem Tech (again), Delta Dex (again), Crew Move (again)
Summary: Revisits recent projects that drew backlash (particularly Seem Tech). Says despite mixed reactions, he’ll continue experimenting quietly. Confirms withdrawals from Delta Dex and Crew Move are still landing.
Red Flags: Admits to knowingly promoting projects under suspicion.
Warnings: Repeating risky behaviour even after admitting the backlash; lacks consistent vetting standards.

Clip 29 (01:23:26)
Ponzi/Platform Mentioned: Treasure Island (again)
Summary: Reiterates that crypto payments should not be sent to Treasure Island’s default wallet address, clarifying users must reach out manually for payment coordination.
Red Flags: No automation or backend safety in place.
Warnings: Basic payment functionality is broken; shows platform was launched prematurely.

Clip 30 (01:27:49)
Ponzi/Platform Mentioned: Titan 369 (again), plus a broad list of risky DeFi projects
Summary: Doubles down on Titan 369 as an example of a trustworthy project. Suggests he’s avoiding sharing “risky plays” in his main group but will discuss them if requested. Reiterates some projects he sees as performing.
Red Flags: Uses “request-only” system to control access to riskiest pitches; signals grooming behaviour.
Warnings: Promotes high-risk systems while distancing from accountability by placing responsibility on group members to “opt-in.”

Clip 31 (01:29:02)
Ponzi/Platform Mentioned: ATM 2024, Titan 369, unnamed oil & gas “private investment opportunity”
Summary: Reflects on emotional impact of scams, claims to be more affected by others losing than his own losses. Admits he posts riskier plays on YouTube “for content.” Promotes ATM 2024 despite personal losses. Pushes a new private oil & gas investment outside of DeFi promising 18% in 30 days.
Red Flags: Admits to playing both sides: gambling with known scams for content while pitching “clean heart” opportunities like oil & gas.
Warnings: Emotional manipulation + continued promotion of schemes he himself loses money in.

Clip 32 (01:35:03)
Ponzi/Platform Mentioned: Cairo Effects, Mobility Share, Bruno X, ITP, IMC
Summary: Promotes Cairo Effects and Mobility Share, claiming personal faith in the teams. Notes he’ll keep riskier projects off Telegram but still promotes them on YouTube. Pushes Bruno X as an example of longevity.
Red Flags: “Faith” used as justification for promotion despite acknowledging the space is full of rug pulls.
Warnings: Promotes plays as “fun” or “lower paying” while admitting they likely won’t last; sets up plausible deniability.

Clip 33 (01:35:59)
Ponzi/Platform Mentioned: ATM 2025, Nixo Trade, IMC, XBullrun, Peso, Asset Pacific
Summary: Reiterates he avoids posting his riskiest plays in the group but still invests in them privately. Claims IMC’s Ireina tricked him with fake past success. Warns of impersonators and scammers infiltrating the Telegram group.
Red Flags: Repeatedly deceived by fake promoters and still reinvesting in new schemes.
Warnings: Admits he lacks discernment and continues to trust easily. Blames others but still directs traffic to questionable projects.

Clip 34 (01:37:48)
Ponzi/Platform Mentioned: Bruno X, 101 Money Maker, Cairo Effects, 9x Profits
Summary: Calls out Telegram’s culture of scammers and hackers. Claims to be “on a mission” to find good projects. Promotes protocols with “real trading” while acknowledging most are scams. Complains of impersonators and IP-related account hacks.
Red Flags: Constant contradiction between claiming caution and repeatedly falling for the same setups.
Warnings: Keeps engaging with scammers and unstable platforms despite knowing the risk; calls it a “game.”

Clip 35 (01:38:25)
Ponzi/Platform Mentioned: Bruno X, Asset Pacific, Peso, Nixo Trade, XP
Summary: Laments having to constantly warn people about rugs, impersonators, and platform collapse. Notes only “real” projects are high-barrier ones like Bruno X’s oil & gas deal ($5K minimum). Mentions XP and others stopping payouts.
Red Flags: Framing high-cost schemes as “real” while normalising losses on lower-barrier ones.
Warnings: Gatekeeps “good” projects with large financial buy-ins; reinforces a cycle of loss for retail users.

Clip 36 (01:41:40)
Ponzi/Platform Mentioned: Legit Miners, IMC, XP, Pegg, Barge, Asset Pacific
Summary: Claims the safest plays are pinned at the top of the group, but admits even those have issues. Points to KYC excuses and IP blocks as reasons people lose access to platforms. Mentions personal plans to relocate to the Dominican Republic and launch mining rigs.
Red Flags: Pushes “low paying = safe” narrative while selectively ignoring evidence of platform abuse.
Warnings: Contradicts himself constantly—wants transparency, yet backs protocols with opaque excuses for locking accounts.

Clip 37 (01:46:05)
Ponzi/Platform Mentioned: Rolex Investments, Lucky Mints, Litecoin Auto Mining
Summary: Launches a personal rant after someone complains to Rolex about his videos being taken down. Admits he removes content to protect followers from being able to deposit during maintenance. Denounces “Karens” and blames followers for triggering negative responses from platforms.
Red Flags: Positions himself as the victim while deflecting criticism about irresponsible promotion.
Warnings: Calls out critics instead of reflecting on the consequences of bad recommendations.

Clip 38 (01:49:46)
Ponzi/Platform Mentioned: Money Flow, ATM 2024 (again), unnamed Money Flow copycat
Summary: Admits the Money Flow team is “a bunch of [expletive]” and hard to communicate with. Says he’s pulling back from them but immediately promotes a clone version run by “friends.” Claims it’s a “test phase” and not financial advice.
Red Flags: Leaves one rug-pull to promote a mirror image of the same scheme.
Warnings: Reckless behaviour justified as transparency; clearly continues gambling despite full awareness of risks.

Clip 39 (01:55:14)
Ponzi/Platform Mentioned: Spritz Finance, Rolex Investments, Litecoin Auto Mining, Asset Pacific, Peso
Summary: Promotes Spritz Finance as an “off-grid bank” alternative. Admits he reinvested into Litecoin Auto Mining and got burned. Complains about referral theft and impersonators. Frames himself as a lone honest YouTuber who’s “not funded.”
Red Flags: Repeats pattern of blaming others while continuing to dive into high-risk schemes.
Warnings: Victim narrative grows louder as accountability disappears; “doing it for the content” becomes the excuse for all losses.

Clip 40 (01:57:10)
Ponzi/Platform Mentioned: XB, Bruno X, Oil & Gas Investment (Ryan), PI Stake, ROI Bit, QOP, 9x Profits
Summary: Talks at length about DeFi risks and his personal losses. Claims to “only invest small amounts now” due to trauma from previous rugs. Heavily promotes an 18% monthly oil and gas investment run by a friend. Admits he “knows how to swindle” support teams now. Says he’s rebuilding his YouTube to earn trust before launching a mining farm.
Red Flags: Tries to walk the line between being a victim and a promoter; admits to manipulating platform support and promotes a high-barrier “safe” investment without offering proof.
Warnings: Blames others for his mistakes while normalising gambling behaviour. Uses emotional storytelling to drive interest in risky or unverified opportunities.

Clip 41 (02:05:38)
Ponzi/Platform Mentioned: Cairo Effects
Summary: Reinforces that Cairo Effects is one of his more “stable” plays. Admits he hasn’t withdrawn in time due to withdrawal windows. Says he reinvested instead and plans a dashboard update video.
Red Flags: Reinvesting without withdrawing is classic Ponzi behaviour. Despite saying it feels “solid,” he admits he’s just going on instinct.
Warnings: Creates false confidence by labeling it a “future potential” project without verifying the underlying business model.

Clip 42 (02:06:05
Ponzi/Platform Mentioned: Cairo Effects
Summary: Follows up with group after missing some activity due to a family emergency. Reiterates the purpose of the Telegram group is to help people navigate DeFi safely. Warns people not to follow him into high-paying risky platforms. Urges users to wait for ROI before reinvesting.
Red Flags: Continues recommending platforms he himself deems dangerous. Warns people not to copy him, yet uses the group to showcase his risky moves.
Warnings: Mixed messaging—on one hand promotes caution, on the other, invites emotional trust based on shared losses.

Clip 43 (02:07:56)
Ponzi/Platform Mentioned: Money Flow
Summary: Describes how Money Flow operates via “cases” where you must re-deposit new money to activate a higher tier. Emphasises that no compounding is allowed and all earnings must be withdrawn before reinvestment. Admits it’s “money in, money out” but sees it as “fun” and “interesting.”
Red Flags: Classic Ponzi mechanics—participants rely on new users buying in to receive payouts. Promoted as a game to deflect from financial risk.
Warnings: Uses euphemisms like “profit sharing” and “fun” to mask a collapsing chain recruitment system; openly states success depends on constant new inflows.

Clip 44 (02:10:54)
Ponzi/Platform Mentioned: Money Flow
Summary: Continues to promote Money Flow as a cycle-based opportunity where everyone must deposit fresh capital. Claims to be in contact with developers. Suggests doubling and tripling money is possible like in a previous, unnamed project.
Red Flags: Encourages multiple “case” purchases and claims developers are trustworthy—despite openly admitting the model is unsustainable without growth.
Warnings: Promotes a high-risk platform to his group while cloaking it in excitement and nostalgia about past earnings, setting the stage for more losses.

Clip 45 (02:12:59)
Ponzi/Platform Mentioned: Genius Arbitrage
Summary: Issues first warning signs about Genius Arbitrage after a group member is told they must upgrade in order to withdraw. Claims this is “normal” in some platforms but expresses discomfort and advises caution.
Red Flags: Withdrawals locked behind forced upgrades—a textbook Ponzi tactic. Normalises the tactic by comparing it to past experiences.
Warnings: Warns users to withdraw but continues to stay invested; downplays red flags while simultaneously acknowledging them.

Clip 46 (02:14:35)
Ponzi/Platform Mentioned: Genius Arbitrage
Summary: Follows up with a successful withdrawal but reinforces that Plan 2 requires a forced upgrade. Says the company insists this only applies to one plan. Recommends avoiding the platform despite confirming it’s “still paying.”
Red Flags: Treats manipulation of withdrawal rules as a mild quirk instead of a serious violation. Continues to play while warning others off.
Warnings: Presents cognitive dissonance—simultaneously labels it as a scam and a good protocol depending on who’s asking.

Clip 47 (02:16:47)
Ponzi/Platform Mentioned: Genius Arbitrage
Summary: Confirms Genius Arbitrage is still paying him but says it’s “giving issues again.” Admits to playing games with the platform—doing small cycles and withdrawals to avoid getting blocked. Tells followers to avoid Plan 2 and slowly extract funds.
Red Flags: Describes knowingly manipulating a scam-like system while encouraging others to “play it smart.”
Warnings: Actively promotes risky behaviour and survival strategies within a failing Ponzi while claiming he’s warning people.

Clip 48 (02:16:56)
Ponzi/Platform Mentioned: Private Investment Opportunity (via Ryan)
Summary: Shares a “private invite-only” investment opportunity from Ryan. Claims it’s solid and could help people park money safely for 30 days. Doesn’t name the company but hints at exclusivity and strong returns.
Red Flags: Promotes a gated, unverified investment as “solid” with no transparency or due diligence shown.
Warnings: Classic affinity fraud structure—leveraging insider status and private access to pitch an opaque financial product.

Clip 49 (02:18:43)
Ponzi/Platform Mentioned: Money Flow, ATM 2024
Summary: Calls out Money Flow support as unprofessional and rude. Reports small withdrawal landed but warns users to be cautious. Introduces a new clone of Money Flow from a “trusted developer” and announces he’ll be testing it.
Red Flags: Excuses red flags in new clone despite Money Flow being on the brink of collapse. Recommends platforms while claiming not to.
Warnings: Jumps into a duplicate of a scam while publicly disavowing it. Using his platform to test high-risk programs with other people’s exposure.

Clip 50 (02:20:20)
Ponzi/Platform Mentioned: Money Flow
Summary: Continues to distance himself from Money Flow while preparing to invest more into its lookalike version. Reframes losses as minor and shifts focus to building content for his YouTube channel. Recommends sticking to “safer projects” in the pinned messages.
Red Flags: Justifies losses as content creation costs. Frames known scams as experiments while encouraging followers to self-regulate.
Warnings: Promotes extremely risky behaviour under the guise of documentation; shifting blame while planting seeds for the next scheme.

Clip 51 (02:21:08)
Ponzi/Platform Mentioned: Money Flow, ATM 2024 (again), New Clone (unnamed), ROI Bit
Summary: Reiterates that he’s testing a new version of Money Flow built by different developers. Warns users not to follow him blindly. Says he’s rebuilding his YouTube channel and jumps into many programs “for content.” Mentions ROI Bit took $300 from him and reminds followers that pinned messages have the “safe” plays.
Red Flags: Normalises financial losses as “part of the game” and frames his risky investments as content creation, not financial endorsement.
Warnings: Encourages trial-and-error investing without responsibility. Continues pitching unproven clones while disassociating from any consequences.

The Final Word on Digital Degen: Manipulator, Not Mentor

After sifting through all 51 voice recordings from Steve Colwill — a man who proudly calls himself “Digital Degen” — the pattern is painfully clear: this isn’t someone naively navigating the wild west of DeFi. This is a seasoned manipulator who knows exactly how the casino works and is more than happy to drag others into the pit with him — just so long as he gets to cash out first.

He admits to playing the game recklessly, encourages others to do the same (while pretending to warn them), and disguises his gambling addiction as “content creation.” His entire Telegram group serves as a grooming hub where financial risk is minimised, warnings are sugar-coated, and accountability is always someone else’s problem. He flip-flops between victim and ringleader, pumping shady platforms one day and publicly distancing from them the next — always after he’s made his money back.

From openly acknowledging that “98% of these things are money in, money out,” to proudly shilling 18% monthly “private” investment deals with zero oversight, Steve is not just complicit in the scam economy — he’s actively feeding it.

For anyone still on the fence: this isn’t transparency. It’s damage control dressed in DeFi lingo. And the only consistent ROI here is the steady erosion of trust, credibility, and the hard-earned savings of anyone who takes his advice too seriously.

Let this be a public record, and a public warning: following self-proclaimed “Degens” down the rabbit hole of Ponzi-laced platforms won’t make you rich — it’ll just make you the next liquidity exit.

And Steve? You may have deleted your YouTube channel, but these voice notes are forever.