🔥 The World's 5 Biggest Crypto Scams - Lessons to Learn**

### **1. OneCoin ($4+ billion)**

- **Method**: Ponzi Scheme (making money from newbies and old ones)

- **Scandal**: Marketing as "Bitcoin Killer", selling courses, but **no Blockchain**, no real trading

- **End**: Founder Dr. Ruja Ignatova (Cryptoqueen) still missing, her brother arrested in 2024

### **2. Bitconnect ($3.4 billion)**

- **Promise**: Created a Lending Platform with the promise of "1% profit per day"

- **Reality**: Saved money and didn't pay it back, collapsed in 2018, founders fled

- **Special**: Paid and promoted YouTube Influencers

### **3. FTX Exchange ($8 billion+)**

- **About**: America's third largest crypto exchange, CEO Sam Bankman-Fried (SBF)

- **Fraud**: Secretly transferred client funds to SBF's hedge fund (Alameda Research)

- **Consequence**: Collapsed in 2022, SBF sentenced to 25 years in prison

### **4. QuadrigaCX ($190 million)**

- **Story**: Canadian crypto exchange CEO Gerald Cotten dies suddenly

- **Problem**: 115,000 client funds **disappeared** without his private key

- **Backstory**: Cotten's wife accused of secretly withdrawing funds

### **5. Thodex ($2 billion)**

- **Method**: Turkish Crypto Exchange Suddenly Shuts Down 390,000 Customers’ Money and Runs

- **Founder**: Faruk Fatih Özer Flees to Albania, Arrested in 2023

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**💡 Lessons Learned**

✅ **DYOR (Do Your Own Research)**: Check the Whitepaper, Team, Blockchain Data of the Project you are investing in.

✅ **Extreme Profit Promise**: Avoid "100% Return in a Month" claims.

✅ **Decentralized Wallet**: Use a Hardware Wallet (Ledger/Trezor) instead of just keeping your money on the Exchange.

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