# Top 10 Biggest Crypto Scams in History
đ¨ The crypto world is rife with scams. Stay vigilant with these infamous examples đ
1ď¸âŁ **FTX**
- **Collapse**: November 2022 due to misuse of billions in customer funds.
- **Aftermath**: Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2ď¸âŁ **Luna and TerraUSD**
- **Disaster**: May 2022, Luna and UST's collapse led to a $60 billion loss.
- **Arrests**: Founder Do Kwon apprehended in March 2023.
3ď¸âŁ **QuadrigaCX**
- **Mystery**: Founder Gerald Cotten's 2018 death left $215 million inaccessible.
- **Revelation**: Later discovered to be a Ponzi scheme.
4ď¸âŁ **Africrypt**
- **Scheme**: In 2021, founders Ameer and Raees Cajee disappeared with 70,000 BTC.
- **Investigation**: Money laundering probe initiated in Switzerland.
5ď¸âŁ **SafeMoon**
- **Fraud**: In 2021, execs siphoned off over $200 million for personal use.
- **Charges**: SEC filed fraud charges against them.
6ď¸âŁ
- **Exit Scam**: In 2018, the project vanished overnight.
- **Loss**: Investors lost all their funds.
7ď¸âŁ **Pincoin and iFan**
- **Ponzi Scheme**: In 2018, Modern Tech's ICOs swindled $660 million.
- **Disappearance**: Team vanished post
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