⚠️ ALARMING NEWS ALERT ⚠️🚨
The cryptocurrency landscape has been marred by notable scams, highlighting the need for vigilance:
🔵 FTX Collapse: In 2022, FTX’s downfall due to mismanaged customer funds led to a 25-year fraud sentence for its founder.
🟢 Luna & TerraUSD: A staggering $60 billion was wiped out in 2022, culminating in the arrest of its founder in 2023.
🟠 QuadrigaCX Ponzi: The death of its founder in 2018 left $215 million locked away, later exposed as a Ponzi scheme.
🔴 Africrypt’s BTC Loss: In 2021, 70,000 BTC were lost to a scam, with the founders now facing money laundering charges.
SafeMoon Scandal: Executives’ misuse of $200 million in 2021 resulted in SEC charges.
Pro-deum’s Exit: Investors were left empty-handed in 2018 after an exit scam.
Pincoin/iFan ICO Scam: $660 million was raised in 2018 only for the team to vanish.
Celsius Network Bankruptcy: After halting withdrawals in 2022, they’re now resolving a $4.7 billion debt.
Centra Tech Fraud: Founders were imprisoned after a deceptive $25 million raise in 2017.
Mining Max Deception: In 2017, $250 million was swindled from investors, impacting 18,000 people.
To safeguard your investments, always do your due diligence, be skeptical of too-good-to-be-true offers, diversify your portfolio, and maintain secure storage practices for your assets.
#BinanceTurns7 #ALERT #WARNING #Ton_Coin_Surge #BTC_Bounce_Back_to_57k