🚨 In Crypto History Top 10 Biggest Scams 🚨

Delve into the murky world of crypto fraud with these notorious scams that rocked the industry and cost investors billions.

1️⃣ BitConnect (2016-2018)

BitConnect promised high returns through a lending program but was revealed as a Ponzi scheme. It collapsed, causing billions in losses.

2️⃣ OneCoin (2014-2017)

OneCoin, marketed as a revolutionary crypto, was a multi-billion dollar scam run by Ruja Ignatova, who vanished in 2017. It never had a real blockchain.

3️⃣ MT. Gox (2011-2014)

MT. Gox, once the largest Bitcoin exchange, lost 850,000 Bitcoins (worth $450 million at the time) due to hacking and mismanagement, leading to bankruptcy.

4️⃣ PlusToken (2018-2019)

PlusToken defrauded investors of over $2 billion with promises of high returns before its operators were arrested.

5️⃣ QuadrigaCX (2013-2019)

QuadrigaCX collapsed after its CEO, Gerald Cotten, died, allegedly taking $190 million in crypto to his grave, though foul play is suspected.

6️⃣ BitClub Network (2014-2019)

BitClub Network scammed investors out of $722 million with a fraudulent mining pool operation before its founders were arrested.

7️⃣ WoToken (2018-2020)

Similar to PlusToken, this Chinese Ponzi scheme defrauded investors of over $1 billion before its operators were caught.

8️⃣ Thodex (2021)

The Turkish exchange halted trading abruptly, and its CEO fled with $2 billion of investor funds.

9️⃣ Africrypt (2021)

Two South African brothers allegedly stole $3.6 billion in Bitcoin from their platform and disappeared.

🔟 Mirror Trading International (2019-2020)

This South African Bitcoin trading platform turned out to be a Ponzi scheme, leading to over $589 million in losses.

📈 #CryptoScams #CryptoFraud #BitcoinScams #ponzischeme #StaySafeCrypto

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