🚨 URGENT ALERT 🚨 Beware of Major Cryptocurrency Scams

The cryptocurrency world, known for offering substantial profits, also attracts numerous fraud schemes. Scammers are constantly innovating new ways to deceive investors. Below are some of the most notorious crypto scams that have impacted the market:

FTX: In November 2022, FTX collapsed due to mismanaging customer funds amounting to billions. The founder, Sam Bankman-Fried, is currently serving a 27-year sentence for fraud.

Luna and TerraUSD: These cryptocurrencies faced a catastrophic collapse in May 2022, wiping out $58 billion. Founder Do Kwon was arrested in March 2023 for his involvement in the collapse.

QuadrigaCX: Following the death of its founder, Gerald Cotten, in 2018, approximately $200 million of customer funds became irretrievable. It was later exposed as a Ponzi scheme.

Africrypt: Investors lost 65,000 BTC in 2021 when this platform fell apart. Its founders, Ameer and Raees Cajee, are currently under investigation for their alleged role in money laundering.

Other notorious cases include SafeMoon, Prodeum—an exit scam in 2018 that left investors with zero after the team disappeared, and Pincoin & iFan—where the company Modern Tech raised $640 million through ICOs in 2018, only to vanish in another Ponzi scam.

Celsius Network: This platform halted withdrawals in 2022 and filed for bankruptcy, leaving behind a $4.5 billion liability. It is now attempting to return some assets to customers. Centra Tech: After raising $22 million in 2017, the founders were imprisoned for misleading investors, while Mining Max deceived 17,000 investors, raising $230 million but using only a small portion for actual mining operations.

To safeguard yourself from these scams, always research the team behind any project thoroughly. Be suspicious of offers that promise extraordinary returns. Conducting due diligence and remaining cautious are essential steps to avoid

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