đš Major Crypto Scam Alert! đš
The crypto world offers incredible opportunities, but it's also a hotspot for scams. Here are some of the most infamous schemes to watch out for:
- FTX: Crashed in November 2022 after mishandling billions. Founder Sam Bankman-Fried now faces a 25-year prison sentence for fraud.
- Luna & TerraUSD: Lost $60 billion in May 2022. Founder Do Kwon was arrested in March 2023.
- QuadrigaCX: After founder Gerald Cottenâs mysterious death in 2018, $215 million vanished, revealing a Ponzi scheme.
- Africrypt: 70,000 BTC stolen in 2021. Founders are under investigation for money laundering.
- SafeMoon, Proodeum, Pincoin: Additional schemes that tricked many investors.
- Celsius Network: Filed for bankruptcy in 2022 with $4.7 billion in liabilities.
đ Protect Yourself! Always research, verify teams, and be cautious. If it sounds too good to be true, it probably is. Stay vigilant and safeguard your investments!
#ScamWarning #CryptoSafety #BinanceProtects #CryptoSecurityIncident #Write2Earn! $FTT
