The Biggest Investor Losses in the Cryptocurrency World
Despite the potential profitability, the cryptocurrency market carries high risks, as evidenced by the following large investor losses:
1. The fall of Bitcoin in 2018 - the rate dropped from $20,000 to $3,200, bringing colossal losses to BTC holders.
2. The collapse of Terra/LUNA in 2022 - the collapse of the UST stablecoin and the LUNA coin led to losses of about $60 billion for investors.
3. Hack of the Mt.Gox exchange in 2014 - hackers stole 850,000 BTC, causing damage worth hundreds of millions of dollars.
4. FTX bankruptcy in 2022 - the largest crypto exchange went bankrupt, freezing billions of dollars in client assets.
5. ICO fraud - estimated in 2017-2018. investors lost $100 million due to scam projects.
6. DeFi protocol hacks - in 2022 alone, hackers stole more than $3 billion of user funds from DeFi.
These cases show the high risks of crypto investments and the need for careful analysis before investing.
Have you already been scammed in crypto?
Write your cases in the comments, I will be very interested in reading, also subscribe so as not to miss other interesting posts from the world of cryptocurrencies, all the best!
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