๐ฅ The biggest #crypto exit scams in history โ and what we can learn from them ๐ธ
In the Wild West of the #blockchain , there were always projects that cost investors millions โ in some cases billions. Here are the most notorious:
๐ป OneCoin
$4.4 billion in damages โ not a real coin, but a Ponzi scheme surrounding the "Crypto Queen" Ruja Ignatova (still on the run today).
๐ป PlusToken
$2 billion disappeared โ "wallet with returns" that never existed. Users were massively scammed.
๐ป BitConnect
From $400 to $1 โ the most legendary crypto Ponzi scheme with YouTube memes and fake interest.
๐ป Squid Game Token
$3.4 million stolen โ exploded due to hype and disappeared overnight. No official connection to the series.
๐ป AnubisDAO
$60 million raised, website deleted โ the perfect rug pull.
๐ป Africrypt
$3.6 billion in damages โ two brothers in South Africa vanished with gigantic Bitcoin holdings.
๐ป Frosties NFT
$1.3 million rug pull after mint โ later pursued by the FBI.
๐ Conclusion:
#RugPulls , fake projects & Ponzi schemes โ they keep coming back.
๐ DYOR (Do Your Own Research)
๐ Watch out for transparent teams
๐ Beware of unrealistic promises