🚨‼️‼️‼️CRYPTO SCAM ALERT ‼️‼️🚨
📌Don't Fall Victim! ‼️‼️‼️‼️🚨🚨🚨
⚠️Staying Vigilant in the Crypto Space💡
The world of cryptocurrencies has seen its fair share of scams, with fraudsters constantly finding new ways to deceive investors. Let's take a look at some of the largest scams to date:
*1. FTX: A $10 Billion Mishandling*
- Collapsed in November 2022
- Founder Sam Bankman-Fried sentenced to 25 years for fraud
*2. Luna and TerraUSD: A $60 Billion Loss*
- Suffered a massive loss in May 2022
- Founder Do Kwon arrested in March 2023
*3. QuadrigaCX: A $215 Million Ponzi Scheme*
- Founder Gerald Cotten's death left funds inaccessible
- Revealed to be a Ponzi scheme
*4. Africrypt: A 70,000 BTC Scam*
- Scammed investors in 2021
- Founders under investigation for money laundering
*5. SafeMoon: A $200 Million Fraud*
- Executives withdrew funds for personal use in 2021
- SEC fraud charges filed
*6. Pro-deum: An Exit Scam*
- Vanished in 2018 with investors losing all funds
*7. Pincoin and iFan: A $660 Million Ponzi Scheme*
- Modern Tech's ICOs raised funds in 2018
- Team disappeared after collecting funds
*8. Celsius Network: A $4.7 Billion Bankruptcy*
- Paused withdrawals in 2022 and filed for bankruptcy
- Working to return assets to customers
*9. Centra Tech: A $25 Million Fraud*
- Raised funds in 2017 with fraudulent promises
- Founders received prison sentences
*10. Now Today WazirX Exchange hacked upto $234M
*Protect Yourself:*
- Conduct thorough research
- Verify the team's credentials
- Avoid unrealistic promises
- Diversify your investments
- Refrain from storing all funds in one place
🔔 Stay informed with Kaleem's Crypto Mehfil !
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