10 Biggest Crypto Scams in History (Don't Forget: Greed, Anger, and Ignorance)

🚨 The world of cryptocurrencies is constantly full of scammers looking for new ways to defraud investors. Here are 10 of the biggest scams to keep you alert and vigilant 👇

1️⃣ FTX

- Collapsed in November 2022 after misusing billions of dollars in customer funds.

- Founder Sam Bankman-Fried was sentenced to 25 years in prison for fraud.

2️⃣ Luna and TerraUSD

- In May 2022, the collapse of Luna and UST resulted in a loss of $60 billion.

- Founder Do Kwon was arrested in March 2023.

3️⃣ QuadrigaCX

- Founder Gerald Cotten died in 2018, leaving $215 million unavailable.

- Investigations show it was a Ponzi scheme.

4️⃣ Africrypt

- In 2021, founders Ameer and Raees Cajee defrauded investors of 70,000 BTC.

- Under investigation for money laundering in Switzerland.

5️⃣ SafeMoon

- In 2021, executives withdrew more than $200 million for personal use.

- The SEC charged them with fraud.

6️⃣ Pro-deum

- In 2018, the project disappeared, marking its exit scam.

- Investors lost all their funds.

7️⃣ Pincoin and iFan

- In 2018, Modern Tech's ICO raised $660 million in a Ponzi scheme.

- The team disappeared after collecting the funds.

8️⃣ Celsius Network

- In 2022, it suspended withdrawals and filed for bankruptcy, owing $4.7 billion.

- Plans to return assets to customers.

9️⃣ Centra Tech

- In 2017, raised $25 million through fraudulent promises.

- The founder was sentenced to prison.

🔟 Mining Max

- In 2017, defrauded investors of $250 million.

- Spent only $70 million on mining, affecting 18,000 investors.