Crypto Scams: Don't Let Them Catch You Off Guard ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️

The world of cryptocurrency has seen its fair share of scams, with fraudsters constantly coming up with new ways to deceive investors. Stay ahead of the game by learning from the past!

Here are the top 10 crypto scams to be aware of:

1. FTX: A $10 billion collapse in 2022 led to a 25-year prison sentence for founder Sam Bankman-Fried.

2. Luna and TerraUSD: A $60 billion loss in 2022 resulted in the arrest of founder Do Kwon.

3. QuadrigaCX: A $215 million Ponzi scheme was revealed after founder Gerald Cotten's death in 2018.

4. Africrypt: Founders Ameer and Raees Cajee scammed investors out of 70,000 BTC in 2021.

5. SafeMoon: Executives withdrew $200 million for personal use in 2021, leading to SEC fraud charges.

6. Pro-deum: An exit scam in 2018 left investors with nothing.

7. Pincoin and iFan: A $660 million Ponzi scheme in 2018 disappeared with investors' funds.

8. Celsius Network: A $4.7 billion bankruptcy in 2022 paused withdrawals, but the company is working to return assets to customers.

9. Centra Tech: A $25 million fraud in 2017 led to prison sentences for the founders.

10. Mining Max: A $250 million scam in 2017 affected 18,000 investors.

Protect Yourself

To avoid falling victim to these scams, remember:

- Research thoroughly

- Verify the team's credentials

- Avoid unrealistic promises

- Diversify your investments

- Don't store all funds in one place

Stay vigilant and invest wisely!

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