Top 10 Shocking Scams in History
1️⃣ FTX: Empire Collapse
In November 2022, FTX collapsed due to the misuse of billions of customer funds. Founder Sam Bankman-Fried was sentenced to 25 years in prison for fraud, a painful lesson.
2️⃣ Luna and TerraUSD: Stablecoin Dream Shattered
In May 2022, the collapse of Luna and UST caused $60 billion to evaporate. Founder Du Jun was arrested in March 2023, leaving a mess.
3️⃣ QuadrigaCX: Death Mist
In 2018, the "death" of founder Gerard Cotton made $215 million in assets a mystery. Subsequent investigations revealed that this was actually a carefully planned Ponzi scheme.
4️⃣ Africrypt: Africa's Sorrow
In 2021, brothers Amir and Rais Kaji absconded with 70,000 bitcoins. Swiss police have intervened in the money laundering investigation, and the victims are all over the world.
5️⃣ SafeMoon: A crisis of trust
In 2021, SafeMoon executives embezzled more than $200 million, sparking market outrage. The SEC quickly intervened and filed a lawsuit for fraud.
6️⃣ Pro-deum: A mirage
In 2018, the Pro-deum project suddenly disappeared, leaving a group of investors in tears. This typical scam left investors with nothing.
7️⃣ Pincoin and iFan: A technology bubble
In 2018, Modern Tech raised $660 million through ICO, which was actually a Ponzi scheme. After the funds were in hand, the team collectively evaporated, leaving endless anger and disappointment.
8️⃣ Celsius Network: Ice-cold
In 2022, Celsius suspended withdrawals and filed for bankruptcy, with debts of up to $4.7 billion. Although the company promised to return the assets, the road ahead is long and investors' confidence is difficult to regain.
9️⃣ Centra Tech: False Prosperity
In 2017, Centra Tech defrauded $25 million with false promises. The founder was eventually imprisoned and paid the price for greed.
🔟 Mining Max: Awakening from the mining dream
In 2017, Mining Max defrauded $250 million in the name of mining. In fact, only $70 million was invested in mining, and the dreams of 18,000 investors were shattered.
Finally, I will prepare some currencies suitable for bargain hunting. If you get lost, come to the intermediary to find the way!
