Here are ten of the most notorious cryptocurrency scams that shook the financial world:
1. BitConnect (2016-2018): Promised high returns but collapsed as a Ponzi scheme, resulting in massive losses.
2. OneCoin (2014-2017): Marketed as revolutionary but turned out to be a multi-billion-dollar scam with no real product.
3. MT. Gox (2011-2014): Once the largest Bitcoin exchange, lost 850,000 Bitcoins due to hacking and mismanagement.
4. PlusToken (2018-2019): Defrauded investors of over $2 billion in a massive Ponzi scheme.
5. QuadrigaCX (2013-2019): CEO's death led to loss of $190 million in cryptocurrencies, amid suspicions of foul play.
6. BitClub Network (2014-2019): Scammed investors out of $722 million through a fraudulent mining pool.
7. WoToken (2018-2020): Chinese Ponzi scheme that swindled investors of over $1 billion.
8. Thodex (2021): Turkish exchange CEO fled with $2 billion of investor funds.
9. Africrypt (2021): Allegedly stole $3.6 billion worth of Bitcoin from investors in South Africa.
10. Mirror Trading International (2019-2020): Revealed as a Ponzi scheme, causing losses exceeding $589 million.
Stay informed and vigilant in the crypto world! đ #CryptocurrencyScams #StaySafe