For the purpose of knowledge and learning about fraud experiences and spreading the benefit to everyone
🚨 The world of cryptocurrencies continues to see scammers finding new ways to scam investors. Here are 10 of the biggest scams to keep you alert and aware 👇
1️⃣ FTX
- It collapsed in November 2022 after misusing billions of customer funds.
- Founder Sam Bankman-Fried was sentenced to 25 years in prison for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, the collapse of Luna and UST caused a loss of $60 billion.
- Founder Do Kwon was arrested in March 2023.
3️⃣ Quadriga CX
- The death of founder Gerald Cotton in 2018 resulted in $215 million being inaccessible.
Investigations revealed that it was a Ponzi scheme.
4️⃣أفريكريبت
- In 2021, founders Amir and Chairman Kaji defrauded investors out of 70 thousand Bitcoins.
- Investigation into money laundering in Switzerland.
5️⃣ Safe Moon
- In 2021, executives withdrew more than $200 million for personal use.
-The Securities and Exchange Commission charged them with fraud.
6️⃣ Go Diom
- In 2018, the project disappeared and was classified as a scam.
- Investors lost all their money.
7️⃣ Pincoin وiFan
- In 2018, Modern Tech's ICO raised $660 million in a Ponzi scheme.
- The team disappeared after collecting money.
8️⃣ Celsius network
- In 2022, it temporarily halted withdrawals and declared bankruptcy, owing $4.7 billion.
- Plans to return assets to clients.
9️⃣ Centra Tech
- In 2017, she raised $25 million with fraudulent promises.
The founders received prison sentences.
🔟 Mining Max
- In 2017, he defrauded investors of $250 million.
- Only $70 million was spent on mining, which had an impact
To avoid scams: do thorough research, check team credentials, avoid unrealistic promises, diversify investments, and never store all your money in one place. Be careful and invest wisely!