🚨 TOP 11 BIGGEST CRYPTO SCAMS IN HISTORY 🚨

The crypto world continues to see scammers finding new ways to deceive investors. Here are 11 of the biggest scams to keep you alert and aware 👇

1️⃣ FTX

- Collapsed in November 2022 after misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.

2️⃣ Luna and TerraUSD

- In May 2022, Luna and UST's collapse caused 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, execs 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 vanished 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 placeStay cautious and invest wisely! 🔒

#scamriskwarning #FTXScamAlert

Who knows the origin of the term ‘SAFU’? 🙌 

Hint: It’s got to do with #Binance. 

Find out about that & more here. 👇

https://www.binance.com/en/blog/community/7-facts-about-binance-youd-be-surprised-to-know-7510019663348189697

🚨 The Potential of a $40 Bitcoin Investment alarm 🚨

Imagine if you had invested just $40 in Bitcoin ($BTC ) back in 2019. At that time, Bitcoin was priced around $3,700 per coin, which means your $40 investment would have bought you approximately 0.011 BTC (40/3700).

Fast forward to 2021, and Bitcoin reached an all-time high of around $68,000 per coin. This would have made your 0.011 BTC worth approximately $748 (0.011 x 68000), representing a return of over 1,800% in just two years!

This example highlights the substantial growth potential within the cryptocurrency market.

However, it's important to note that cryptocurrency investments come with risks, and prices can fluctuate rapidly. Despite these risks, even a small investment can potentially yield significant gains, as demonstrated by the remarkable increase in Bitcoin's value.

Holding onto a modest investment like $40 in Bitcoin from 2019 could have led to impressive financial growth, showcasing the exciting opportunities within the world of cryptocurrency.

#BinanceTournament #Megadrop #CPIAlert

Disclaimer: This content includes thrid-party opinions. No financial advice. May include sponsored content. 

🟥NEW TRADERS, UNDERSTAND THIS BEFORE TRADING! 🟥

Leverage: The Sweet Poison in Crypto Trading
Imagine being told you can turn your $100 into $1,000 instantly. Sounds great, right? But this magic trick can turn into a nightmare faster than you think.

# Breaking It Down: How Leverage Works
For simplicity, let’s use the current prices of Bitcoin ($67,500) and Ethereum ($3,200).

10x Leverage
- You have $100.
- With 10x leverage, you’re trading $1,000.
- If Bitcoin moves 1% ($675), your position changes by $67.50.
- A 1% move either gains or loses you $67.50—67.5% of your capital. A 10% move wipes you out completely.

100x Leverage

- You have $100.
- With 100x leverage, you’re trading $10,000.
- If Ethereum moves 1% ($32), your position changes by $320.
- A 1% move either gains or loses you $320—320% of your capital. A 0.5% move erases your funds.

# The Ugly Truth: Leverage Doesn’t Boost Your Profits

Leverage doesn’t increase your profit amount; it just boosts the percentage gain.

Without leverage, a 1% gain on $1,000 nets you $10. With 10x leverage on $100, the same 1% gain still nets you $10.

The profit remains the same, but the risk skyrockets.

# Isolated vs. Cross Margin

Isolated Margin:

- Limits your risk to the specific trade.
- If the trade goes bad, only the margin in that position is affected.

Cross Margin:

- Shares margin across all your positions.
- If one trade fails, it can drag down your entire account.

The Harsh Reality

Leverage feeds on the greed of small retail traders with portfolios under $200, dreaming of quick wealth. But leverage is a trap that often leads to disaster.

Leverage is a dangerous illusion. Stay disciplined, manage your risks, and avoid the high-leverage bait.

Smart trading is about steady growth, not fast gambling.

#RiskManagement #binancelearntoearn #Bitcoin_Coneference_2024 #TradingMadeEasy

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

Five Promising Altcoins Under $1 to Make you rich by end of 2024 to 2025 bull market

Investing in altcoins under $1 can be a strategic way to diversify your crypto portfolio without breaking the bank. Here are five altcoins worth considering:

### 1. BitTorrent (BTTC)

BitTorrent is a decentralized peer-to-peer file sharing protocol that enables users to distribute data and electronic files over the internet. Its token, BTTC, is used to incentivize users and improve network efficiency. With ongoing development and integration with the TRON ecosystem, BTTC holds potential for growth.

### 2. Floki Inu (FLOKI)

Floki Inu, inspired by the popular meme coin Dogecoin, has quickly gained attention for its strong community and marketing campaigns. The team behind FLOKI is working on various use cases, including an NFT marketplace and a metaverse, aiming to add real-world value to the token.

### 3. Dogecoin (DOGE)

Initially created as a joke, Dogecoin has become a major player in the crypto world, thanks in part to endorsements from celebrities like Elon Musk. Known for its low transaction fees and fast processing times, DOGE is widely used for tipping and small transactions, and its vibrant community continues to drive its popularity.

### 4. Cardano (ADA)

Cardano is a third-generation blockchain platform known for its strong emphasis on security, scalability, and sustainability. ADA, its native token, is used for staking and governance within the network. With ongoing updates and a robust roadmap, Cardano aims to become the go-to platform for smart contracts and decentralized applications.

### 5. Ripple (XRP)

Ripple aims to revolutionize cross-border payments with its digital payment protocol. XRP, the native currency of the Ripple network, facilitates fast and cost-effective transactions. Despite regulatory challenges, Ripple's partnerships with financial institutions worldwide highlight its potential for mainstream adoption.

Remember to follow, like and share

#BTTCLOVERS #bttc🤓 #FLOKISKYROCKET

Introduction to BitTorrent Speed™ 🚀 ( BTTC )

BitTorrent swarms suffer from structural inefficiencies which frequently lead to the premature deterioration or death of swarms. Due to upload/download speed asymmetry, files frequently complete downloading long before a peer has been able to upload an equivalent number of bytes. Once the downloading peer has the entire file, there is no economic incentive to continue to make the file available to other downloaders through seeding. That means users leave swarms without uploading as much data as they have downloaded, which results in BitTorrent swarms not lasting as long as they need to.

In some cases, it is possible for a swarm to enable the completion of a download even in the absence of a seed. This possibility is computed and displayed in some implementations as an "availability" metric," typically expressed as the number of distributed copies available. If there is at least one active non-seed peer holding each of the pieces, then the file is said to be
"available." Additionally, the BitTorrent protocol uses a design decision known as "rarest first," which dictates that a client should prioritize requesting to download the pieces that are held by the fewest peers in the swarm to which it has connected. This mechanism is intended to flatten the distribution of pieces to decrease the likelihood of a swarm losing a key peer or peers who are the sole providers of a required piece. While these two considerations mean that seeds are not strictly necessary to complete a download, research has shown that in approximately 86% of seedless cases, this sort of collective reconstruction is not feasible.'…….

FOLLOW FOR THE NEXT PART

#bttc #BitTorrentChain #Bittorent #BTTCLOVERS

Introduction to BitTorrent Speed™ part -2

EVERYONE ALERT 🚨😂🤯

🚨 🚨 Crypto Reality Check! 🚨💥

Are you optimistic about your crypto investments? It’s time to reconsider! 🤯

Imagine you invest $1,000, hoping it will soar to $1,00,000 in 10 years without selling. But reality often tells a different story... 🤦

Scenario 1:

Your $10,00 plummets to $5,000 overnight! 😱 Sleepless nights follow, with constant checking and wild fluctuations between $1,000 and $6,000. Exhausted and stressed, you finally sell at $6,000.

Scenario 2:

Your $10,00 grows to $12,000, so you sell and wait for a dip. However, the price climbs to $15,000, then $20,000! You buy back in at a higher price, only to watch it drop to $6,000. 😱

The harsh reality?

Handling losses is a crucial part of the crypto journey. Have you experienced similar ups and downs?

Share your stories! 💬

#Write2Earn! #BinanceTurns7 #BullBanter #Megagrop #altcoinsbanter