In the world of cryptocurrency, some tokens are notorious for their bad history and behavior. Here are some historically notorious "shit coins" that investors should be wary of
1. BitConnect ($BCC) - MLM Trap
BitConnect attracted investors with its promise of high returns, however, behind this is actually a well-designed MLM scheme. It caused many investors to lose billions of dollars in assets.
2. OneCoin - The Source of Fraud
OneCoin is another notorious cryptocurrency scam that used high profits as bait to defraud about $4 billion from unsuspecting investors.
3. Ponzi Coin ($PONZI) - Open Pyramid Scheme
Ponzi Coin's name directly reveals its nature - an open financial pyramid scheme. This token has no real value and only maintains its operation by constantly attracting new investors.
4. Osama ($USM) - Controversial Token
The Osama token has caused great controversy and scandal because it carries the logo of Osama bin Laden. Such a token is not only morally questionable, but also has huge legal risks.
5. Shiba Insider ($SHIB) - Insider's Game
Shiba Insider is a fork of the Shiba Inu token, but it is questioned that it was created to satisfy the interests of insiders. This token lacks transparency and fairness, and investors should be cautious.
6. Crypto Andrey ($CAR) - Scammer's Name
The Crypto Andrey token is directly named after a well-known cryptocurrency scammer, which in itself is an open statement of its bad intentions. Investors should avoid any contact with such tokens.
In short, these junk coins have no real value and are only used for fraud and money laundering. When investing in cryptocurrencies, investors should carefully research and avoid these tokens with a bad history.
