TOP 10 BIGGEST CRYPTO SCAMS IN HISTORY 🚨
Here are ten of the biggest cryptocurrency scams in history:
1️⃣ BitConnect (2016-2018):
Promising high returns with its lending program, BitConnect was eventually exposed as a Ponzi scheme, leading to billions in losses when it collapsed.
2️⃣OneCoin (2014-2017):
Marketed as a revolutionary cryptocurrency, OneCoin was a multi-billion-dollar scam run by Ruja Ignatova, who disappeared in 2017. The project never had a blockchain or a legitimate product.
3️⃣MT. Gox (2011-2014):
Once the largest Bitcoin exchange, MT. Gox filed for bankruptcy after losing 850,000 Bitcoins (worth around $450 million at the time) due to a combination of hacking and poor management.
4️⃣PlusToken (2018-2019):
A Ponzi scheme that lured in millions of users, promising high returns on their cryptocurrency investments. The scam defrauded investors of over $2 billion before the operators were arrested.
5️⃣QuadrigaCX (2013-2019):
The Canadian exchange collapsed following the death of its CEO, Gerald Cotten, who allegedly took the private keys to $190 million in cryptocurrencies to his grave, though many suspect foul play.
6️⃣BitClub Network (2014-2019):
A fraudulent mining pool operation that scammed investors out of $722 million before the founders were arrested.
7️⃣WoToken (2018-2020):
A Chinese Ponzi scheme similar to PlusToken, it scammed investors out of over $1 billion before the operators were arrested.
8️⃣Thodex (2021):
The Turkish exchange abruptly halted trading, and its CEO fled the country, allegedly taking $2 billion worth of investor funds.
9️⃣Africrypt (2021):
Two brothers from South Africa allegedly stole $3.6 billion worth of Bitcoin from their investment platform and disappeared.
1️⃣0️⃣Mirror Trading International (2019-2020):
A South African Bitcoin trading platform that was revealed to be a Ponzi scheme, leading to losses of over $589 million when it collapsed.
