TOP 10 BIGGEST CRYPTO SCAMS IN HISTORY
đ¨ 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 đ
1ď¸âŁ FTX
- Collapsed in November 2022 after misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2ď¸âŁ Luna and TerraUSD
- In May 2022, Luna and UST's collapse caused a $60B loss.
- Founder Do Kwon arrested in March 2023.
3ď¸âŁ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4ď¸âŁ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5ď¸âŁ SafeMoon
- In 2021, execs withdrew over $200M for personal use.
- SEC charged them with fraud.
6ď¸âŁ Pro-deum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7ď¸âŁ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team vanished after collecting the funds.
8ď¸âŁ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9ď¸âŁ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
đ 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! đ
#ScamWarning #Dyor #foryoupage #Cryotoscam #JulyAltseason $FTT $LUNA
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