🚨 Urgent Alert: Stay Vigilant Against Crypto Scams! 🚨

The crypto space is bursting with potential, but it's also a hotbed for scams. Here’s a look at some of the most shocking frauds that have rocked the crypto world:

- FTX: The once-dominant exchange collapsed in 2022, with founder Sam Bankman-Fried now serving a 25-year sentence for fraud.

- Luna & TerraUSD: These giants crashed in May 2022, erasing $60 billion and leading to the arrest of founder Do Kwon.

- QuadrigaCX: After the death of its founder in 2018, $215 million was locked away, uncovering a massive Ponzi scheme.

- Africrypt: In 2021, founders allegedly absconded with 70,000 BTC; investigations are underway.

- Proodeum: Disappeared in 2018, leaving investors empty-handed.

- Modern Tech: The 2018 ICOs for Pincoin and iFan scammed $660 million before vanishing.

- Celsius Network: Bankrupt in 2022, freezing $4.7 billion; fund recovery efforts are ongoing.

- Centra Tech: Raised $25 million in 2017 on false promises, leading to founder convictions.

- Mining Max: Took $250 million from investors in 2017, with most funds never used for mining.

Protect Yourself: Always do your homework on any crypto project and team. If it sounds too good to be true, it probably is. Stay smart, stay safe, and navigate the crypto world wisely!

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