🚨 ALERT: Beware of Major Cryptocurrency Scams 🚨

While the cryptocurrency market offers significant returns, it has also seen its share of scams. Fraudsters continually develop new ways to deceive investors. Here are some of the most notable scams in the crypto space:

- FTX: This exchange collapsed in November 2022 after mismanaging billions in customer funds. Its founder, Sam Bankman-Fried, was sentenced to 25 years for fraud.

-Luna and TerraUSD: In May 2022, these projects lost $60 billion in value. The founder, Do Kwon, was arrested in March 2023.

- QuadrigaCX: After the 2018 death of its founder, Gerald Cotten, $215 million became inaccessible, later revealed to be part of a Ponzi scheme.

- Africrypt: In 2021, 70,000 BTC were stolen, with founders Ameer and Raees Cajee under investigation for money laundering.

Other scams like SafeMoon, Proodeum, Pincoin, Celsius Network, Centra Tech, and Mining Maxhave also resulted in major losses, leaving investors empty-handed.

To stay safe, always conduct thorough research and verify the legitimacy of the people and projects involved. Be skeptical of offers that sound too good to be true—caution is key to avoiding these scams.

#TON #DOGSONBINANCE #TelegramCEO #CryptoMarketMoves #BinanceBlockchainWeek