The toughest scams in the world of cryptocurrencies by country
The crypto industry is faced with large-scale fraud and scams around the world:
1. Turkey - Thodex and Vebitcoin are two large exchanges whose founders disappeared with millions of dollars in client funds in 2021.
2. South Africa - Mirror Trading International - a scam project disguised as a cryptocurrency investment fund. Investor losses are estimated at $589 million.
3. Australia - Crypto Trader fraudulent scheme that promised fabulous profits from cryptocurrency trading. The creators embezzled about $20 million.
4. India - Investment pyramid Cashcow, which attracted funds under the guise of investing in cryptocurrencies. Damage is estimated at $300 million.
5. UK - The OneCoin cryptocurrency pyramid defrauded British investors of about $575 million.
These and other scams in different countries highlight the importance of due diligence and research before investing in cryptocurrencies.
What other countries do you know that defrauded people out of large sums of money?
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