🚨 TOP 11 BIGGEST CRYPTO SCAMS IN HISTORY 🚨

Scammers in the crypto world are constantly finding new ways to deceive investors. Here are 11 of the biggest scams to keep you vigilant 👇

1️⃣ FTX

- Collapsed in November 2022 due to misuse of billions in customer funds.

- Founder Sam Bankman-Fried sentenced to 25 years for fraud.

2️⃣ Luna and TerraUSD

- In May 2022, the collapse of Luna and UST resulted in a $60B loss.

- Founder Do Kwon arrested in March 2023.

3️⃣ QuadrigaCX

- Founder Gerald Cotten's death in 2018 left $215M inaccessible.

- Investigations revealed it was a Ponzi scheme.

4️⃣ Africrypt

- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.

- Investigated for money laundering in Switzerland.

5️⃣ SafeMoon

- In 2021, executives withdrew over $200M for personal use.

- SEC charged them with fraud.

6️⃣ Pro-deum

- In 2018, the project vanished, marking it as an exit scam.

- Investors lost all funds.

7️⃣ Pincoin and iFan

- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.

- The team disappeared after collecting the funds.

8️⃣ Celsius Network

- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.

- Plans to return assets to customers.

9️⃣ Centra Tech

- In 2017, raised $25M with fraudulent promises.

- Founders received prison sentences.

🔟 Mining Max

- In 2017, defrauded investors of $250M.

- Only $70M spent on mining, affecting 18,000 investors.

1️⃣1️⃣ OneCoin

- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.

- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.

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! 🔒

#scamriskwarning #FTXScamAlert #BinanceTurns7 #BinanceTournament