- Collapsed in November 2022 due to misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
Luna and TerraUSD
- Collapse in May 2022 led to a $60 billion loss.
- Founder Do Kwon arrested in March 2023.
QuadrigaCX
- Founder Gerald Cotten's 2018 death left $215 million inaccessible.
- Investigations uncovered it as a Ponzi scheme.
Africrypt
- Scammed investors of 70,000 BTC in 2021.
- Under investigation for money laundering in Switzerland.
SafeMoon
- Executives withdrew over $200 million for personal use in 2021.
- SEC charged them with fraud.
Prodeum
- Project disappeared in 2018, marking it as an exit scam.
- Investors lost all their funds.
Pincoin and iFan
- Modern Tech's 2018 ICOs raised $660 million in a Ponzi scheme.
- The team vanished after collecting the funds.
Celsius Network
- Paused withdrawals in 2022 and filed for bankruptcy, owing $4.7 billion.
- Promises to return assets to customers.
Centra Tech
- Raised $25 million in 2017 with fraudulent promises.
- Founders received prison sentences.
Mining Max
- Defrauded investors of $250 million in 2017.
- Only $70 million was spent on mining, affecting 18,000 investors.
To avoid falling victim to scams, conduct thorough research, verify team credentials, beware of unrealistic promises, diversify investments, and avoid storing all funds in one place. Stay cautious and invest wisely! 🔒
