Unfortunately, the world of cryptocurrency has seen many scams, with scammers constantly finding new ways to fool investors. Here is a list of some of the biggest scams you need to be wary of:

1. FTX: Collapsed in November 2022 due to mishandling billions of dollars of customer funds. Founder Sam Bankman-Fried was sentenced to 25 years for fraud.

2. Luna and TerraUSD: Suffered $60 billion in losses in May 2022, leading to founder Do Kwon's arrest in March 2023.

3. QuadrigaCX: Founder Gerald Cotten's death in 2018 left $215 million inaccessible, later revealed to be a Ponzi scheme.

4. Africrypt: Defrauded investors of 70,000 BTC in 2021. Founders Ameer and Raees Cajee are under investigation for money laundering.

5. SafeMoon: Executives withdrew more than $200 million for personal use in 2021, leading to SEC fraud charges.

6. Pro-deum: Disappeared in 2018 as investors lost all their money, marking it an exit scam.

7. Pincoin and iFan: Modern Tech's ICOs raised $660 million in 2018 through a Ponzi scheme. The group disappeared after collecting the money.

8. Celcius: Paused withdrawals in 2022 and filed for bankruptcy due to $4.7 billion in debt, currently working to return assets to customers.

9. Centra Tech: Raised $25 million in 2017 with fraudulent promises, leading to prison sentences for its founders.

10. Mining Max: Investors were defrauded of $250 million in 2017, spending only a fraction on mining, affecting 18,000 investors.

To protect yourself, conduct thorough research, verify the team's credentials, avoid unrealistic promises, diversify your investments, and don't store all your funds in one place .

Be cautious and invest wisely to minimize the risk of falling victim to cryptocurrency market scams.