TOP 10 BIGGEST CRYPTO SCAMS IN HISTORY

🚨 The crypto world continues to see scammers finding new ways to deceive investors. Here are 10 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.

To avoid scams: research thoroughly, verify team credentials, avoid unrealistic promises, diversify investments, and never store all funds in one place. Stay cautious and invest wisely! 🔒