🤔 New to crypto? Ask questions with #CryptoAMA hashtag, get answers, and earn rewards! 🧠 Crypto expert? Share your expertise by answering questions in the comments and get rewarded too!
Join our 'Ask Us Anything Crypto' campaign and get up to $5,500 in USDC rewards!
Campaign Period: 2024-10-29 00:00 to 2024-11-20 23:59 (UTC)
How to Participate
For Creators Posting Questions:
1. Have a question about crypto? Post it on Binance Square with the #CryptoAMA hashtag;
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3. Top 100 Answers: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Rewards:
Main Reward Pool: All eligible participants share a 5,000 USDC reward pool. Rewards are capped at 5 USDC per person.Top 100 Reward Pool: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

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The crypto world is full of scammers looking for ways to steal your money.

They devise countless schemes to do so, and some end up being highly successful.

Here are the top 10 biggest scams to remind you to stay vigilant with your investments 👇

1/ BitConnect📉🔥
BitConnect was a cryptocurrency Ponzi scheme that absconded with $2.5 billion in 2018.
They used a trading bot and a lending platform, attracting new investors each time.
They launched the $BCC token and failed to pay off investors and absconded with the money.
2/ AnubisDAO📉🔥
The AnubisDAO project collected $60 million in ETH, with a promise to distribute $ANKH tokens to investors.
But within 24 hours, the funds were swiftly moved to another address and disappeared.
3/ The Squid📉🔥
The Squid Game (SQUID) Web3 project on Binance Smart Chain became a notorious rug pull in 2021.
Developers scammed $3.3 million, exploiting the Netflix show's popularity.
A Twitch streamer witnessed the market cap drop from $2.2 trillion to near zero instantly.
4/ WoToken📉🔥
WoToken, a Chinese crypto platform, promised high returns through trading bots and referrals but was exposed as a Ponzi scheme.
By May 2020, it scammed 715,429 people out of $1.1 billion.
Four team members were jailed (2.5-8.8 years), but only $63.6M was recovered.
5/ PlusToken📉🔥
A Chinese crypto platform took $2.25 million from its investors between 2018 and 2019.
Since then, the value of the stolen coins has grown to nearly $11 billion.
The owner, Chen Bo, and 15 accomplices fled to Cambodia but were later arrested
6/ Luna Yield📉🔥
In August 2021, Luna Yield, a DeFi yield aggregator, pulled off a bold scam just two days after its launch, absconding with $6.7 million.
By deleting the project website and social media accounts, the developers used the mixer Tornado to launder the stolen funds.
7/ StableMagnet📉🔥😭
In June 2021, the StableMagnet team st*le $27 million by exploiting smart contracts.
They deceived blockchain explorers like Etherscan into verifying fake code, making the contract seem legitimate.
Using a concealed backdoor, they drained the protocol's funds
8/ FTX📉🔥😭
One of the largest crypto exchanges, FTX, scammed investors out of over $1.3 billion.
The stolen funds were diverted to private political investments.
CEO Bankman was found guilty and sentenced to 25 years in prison.
9/📉 OneCoin🔥😭
OneCoin, founded by Ruja Ignatova, scammed investors out of $4 billion through a Ponzi scheme, falsely claiming to be the "Bitcoin killer."
Ignatova vanished in 2017 and remains on the FBI's most-wanted list, while her brother Konstantin was arrested in 2019.
10/ The Mutant Ape Planet📉🔥❤️
The Mutant Ape Planet (MAP) NFT collection was launched by Aurelien Michel, a 24-year-old French national residing in the UAE.
He defrauded investors of $2.9 million by offering rewards and exclusive perks.Michel was eventually arrested at a New York airport

#Crypto2025Trands #CryptoAMA #CryptoScamAlert #ScamAwareness
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#CryptoAMA $BNB $SOL