Cryptocurrency is not only a promising asset, but also a real roulette! Here you can either get rich in the blink of an eye or lose all your savings. Let's look at the biggest "jackpots" in the history of cryptocurrencies, which have become shocking examples of how quickly the financial landscape is changing. 🚀

1. Mt. Gox: The Collapse of an Empire

In 2014, Mt. Gox, the world’s largest crypto exchange, went bankrupt, losing 850,000 Bitcoins — equivalent to over $450 million at the time! Investors’ wallets were emptied, and the crypto industry’s reputation was seriously damaged. Many lost their entire savings, which prompted stricter regulations in the cryptocurrency sector. ⚖️

2. BitConnect: The Pyramid That Exploded

BitConnect promised its investors fabulous profits through “crypto arbitrage.” However, in 2018, the project collapsed, leaving its investors with empty pockets. The damage amounted to more than $1 billion. Investors who considered themselves millionaires turned out to be beggars. 🎭

3. Terra (LUNA): Billions in Losses

The Terra project and its stablecoin UST crashed in May 2022. The dollar-pegged stablecoin lost its peg, and the LUNA token's market cap plummeted from $40 billion to almost zero. Thousands of investors lost their investments, and the project itself became a symbol of instability in the crypto industry. 🌪️

4. OneCoin: The Scam of the Century

OneCoin was billed as a revolutionary cryptocurrency, but was actually a classic Ponzi scheme. Founder Ruja Ignatova raised about $4.4 billion from investors, but disappeared without a trace in 2017. She was arrested in 2019, but the money was never recovered. This is a great lesson in the importance of vetting projects before investing! 🚨

5. QuadrigaCX: Dead Founder, Missing Funds

Canadian exchange QuadrigaCX went bankrupt after the death of its founder, Gerald Cotten. He managed all the funds single-handedly and left behind $190 million in frozen cryptocurrencies. The investigation into the case is still ongoing, and investors remain in the dark about the fate of their funds. ⚰️

Conclusion

The crypto industry is full of surprises, and it can turn into both bright victories and loud defeats. Remember that investing in cryptocurrencies is always associated with risks. Do your research before investing your money! 🧐💸

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