🚨Top 10 Biggest Crypto Scams Ever in History! Please Stay Safe
The crypto world is full of scams. Stay alert with these notorious cases 👇
1️⃣ **FTX**
- **Collapse**: November 2022, due to the misappropriation of billions in customer funds.
- **Aftermath**: Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ **Luna and TerraUSD**
- **Disaster**: May 2022, Luna and UST's collapse resulted in a $60 billion loss.
- **Arrests**: Founder Do Kwon arrested in March 2023.
3️⃣ **QuadrigaCX**
- **Mystery**: Founder Gerald Cotten's death in 2018 left $215 million inaccessible.
- **Revelation**: Later found to be a Ponzi scheme.
4️⃣ **Africrypt**
- **Scheme**: In 2021, founders Ameer and Raees Cajee disappeared with 70,000 BTC.
- **Investigation**: Money laundering probe launched in Switzerland.
5️⃣ **SafeMoon**
- **Fraud**: In 2021, executives diverted over $200 million for personal use.
- **Charges**: SEC filed fraud charges against them.
6️⃣ **Unnamed Project**
- **Exit Scam**: In 2018, the project disappeared overnight.
- **Loss**: Investors lost all their funds.
7️⃣ **Pincoin and iFan**
- **Ponzi Scheme**: In 2018, Modern Tech's ICOs defrauded $660 million.
- **Disappearance**: The team vanished afterward.
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