🚨 TOP 10 BIGGEST CRYPTO SCAMS IN HISTORY 🚨
The crypto world is full of opportunities, but it also has its share of pitfalls. Stay informed and protect your investments by knowing these notorious scams:
1️⃣ FTX
- Collapsed in Nov 2022 due to misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- May 2022: $60B lost as Luna and UST collapsed.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Uncovered as a Ponzi scheme.
4️⃣ Africrypt
- 2021: Founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Under investigation for money laundering in Switzerland.
5️⃣ SafeMoon
- 2021: Execs withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pro-deum
- 2018: Vanished in an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- 2018: Modern Tech's ICOs raised $660M in a Ponzi scheme.
- Team disappeared after collecting funds.
8️⃣ Celsius Network
- 2022: Paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- 2017: Raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- 2017: Defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
💡 Tips to Avoid Scams:
- Research thoroughly.
- Verify team credentials.
- Avoid unrealistic promises.
- Diversify investments.
- Never store all funds in one place.
Stay cautious and invest wisely! Protect your crypto journey with Binance. 🔒💪
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