🚨 ALARMING NEWS ALERT 🚨

The crypto world has seen its share of scams, with fraudsters finding new ways to deceive investors. Stay vigilant and protect your assets by learning about these major scams:

1. FTX Collapse: In November 2022, billions in customer funds mishandled. Founder Sam Bankman-Fried sentenced to 25 years for fraud.

2. Luna & TerraUSD Crash: $60 billion lost in May 2022. Founder Do Kwon arrested in March 2023.

3. QuadrigaCX Ponzi Scheme: Founder Gerald Cotten’s death in 2018 left $215 million inaccessible, revealed to be a scam.

4. Africrypt Heist: 70,000 BTC stolen in 2021. Founders Ameer and Raees Cajee under investigation.

5. SafeMoon Fraud: Executives withdrew over $200 million in 2021. Facing SEC fraud charges.

6. Pro-deum Exit Scam: Vanished in 2018, leaving investors with nothing.

7. Pincoin & iFan Ponzi Scheme: Modern Tech’s ICOs raised $660 million in 2018. Team disappeared after collecting funds.

8. Celsius Network Bankruptcy: Paused withdrawals in 2022, owing $4.7 billion. Working to return assets.

9. Centra Tech Scam: Raised $25 million in 2017 with fraudulent promises. Founders imprisoned.

10. Mining Max Fraud: Defrauded investors of $250 million in 2017, affecting 18,000 people.

Protect Yourself: Research thoroughly, verify credentials, avoid unrealistic promises, diversify investments, and don’t store all funds in one place.

Stay cautious and invest wisely to mitigate risks in the crypto market.

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