# Top 10 Biggest Crypto Scams in History

🚨 The crypto world is rife with scams. Stay vigilant with these infamous examples 👇

1️⃣ **FTX**

- **Collapse**: November 2022 due to misuse 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 led to a $60 billion loss.

- **Arrests**: Founder Do Kwon apprehended in March 2023.

3️⃣ **QuadrigaCX**

- **Mystery**: Founder Gerald Cotten's 2018 death left $215 million inaccessible.

- **Revelation**: Later discovered to be a Ponzi scheme.

4️⃣ **Africrypt**

- **Scheme**: In 2021, founders Ameer and Raees Cajee disappeared with 70,000 BTC.

- **Investigation**: Money laundering probe initiated in Switzerland.

5️⃣ **SafeMoon**

- **Fraud**: In 2021, execs siphoned off over $200 million for personal use.

- **Charges**: SEC filed fraud charges against them.

6️⃣

- **Exit Scam**: In 2018, the project vanished overnight.

- **Loss**: Investors lost all their funds.

7️⃣ **Pincoin and iFan**

- **Ponzi Scheme**: In 2018, Modern Tech's ICOs swindled $660 million.

- **Disappearance**: Team vanished post

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