Lady of Crypto starting her own trading firm - Don't fall for this scam

Not sure how many of you know about Lady of Crypto, but she's a Twitter persona with >250k follower count. Every time I see such profiles I can't help but wonder when and in what way are they going to start taking money from their followers. Well, today we got some clarity: https://twitter.com/LadyofCrypto1/status/1566471325278801921

As you can see in the tweet, she's starting her funded trading firm. Basically, she's funding traders with her own money and taking 20% of the profits they make. At least that's what she claims to do. All you need to do is pass a trading test, but to participate you need to pay a fee. Sounds good, right? You pay a fee and have a chance of trading with real $100k. Well, let me explain why this is nothing but an elaborate scam designed to get money from beginners and bad traders.

Pretty much any consistently profitable trader has their own funds to trade with and has no interest in participating in this. Also, in the test phase, the participants will be paper trading. What this means is that they won't be trading with live funds. While Lady of Crypto is trying to leave an impression like she's risking her own money on this project of hers, the truth is she has no risk at all here. Considering how big her following is, she will easily fill her pockets and still have money to fund those traders that manage to pass the test.

Keep in mind that this phase of the bear market is incredibly tough to trade, even for very experienced traders. This test she made is designed to be failed. Be smart, don't give your money to these scammers.

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EDIT:

I see that some of the people didn't understand what makes this a scam, so I'll explain here in a bit more detail. In order to join her trading "firm" you need to pay a fee and you start the testing phase. In the first phase of the test she requires you to make 10% profit in 35 days to pass, but there's 10% drawdown. So, if you get $100k of capital, you need to hit $110k target to pass and if you hit $90k you're out. What this means is that you're not really trading with $100k, you're actually trading with $10k on 10x leverage. If you want to approach this as a no leverage trade, you actually need to make 100% profit in 35 days. If you manage to do that, you enter the phase 2 of the test which requires you to do the same but in 60 days. I think it's clear now why this is so hard to pass, even for really experienced traders.

Another part of this scam is the fact that, even if you manage to pass the test (which is very unlikely), you will still trade with the demo account while she's pretending she gave you real money to trade with and you will still have a drawdown limit. Basically, this kind of a model offers her a win/win situation with a little to no risk at the expense of new and struggling traders.