Top Crypto Scams That Shattered Investor Dreams
1. Terra (LUNA) & UST
In 2022, the collapse of the algorithmic stablecoin UST wiped out over $40 billion, leaving investors devastated.
2. FTX Exchange
One of the biggest centralized exchanges fell in 2022 due to internal misuse of user funds. $8 billion vanished overnight.
3. BitConnect ($BCC)
A classic Ponzi scheme promising “guaranteed returns” — collapsed in 2018, costing investors over $4 billion.
4. OneCoin
A crypto project with no blockchain! Between 2014–2017, it scammed people out of $4.4 billion. The founder is still on the run.
5. SQUID Game Token
Used the popular show's name to lure investors, then executed a sudden rug pull — leaving buyers with worthless tokens.
6. PlusToken
A mobile wallet scam from China that stole over $2 billion. Disguised as a high-yield investment.
Not officially declared a scam, but many suspect insider dumping and broken promises. Called by some a “soft rug pull.”
8. SafeMoon
Skyrocketed on hype, then insiders allegedly dumped tokens, causing major price crashes. Many investors suffered losses.
Lesson:
Don’t just follow the hype. Always do your own research (DYOR) before investing. Scams may look shiny — until it’s too late.
Crypto = High reward, High risk. Stay alert. Stay smart.
