What are some of the biggest crypto scams in recent years?

3 answers

• Edwards WatersMay 13, 2022 · 4 years ago
  Certainly! One of the biggest crypto scams in recent years was the Bitconnect Ponzi scheme. It promised investors high returns through a lending program, but it turned out to be a fraudulent operation. Many people lost their investments when the scheme collapsed. Another notable scam is the Mt. Gox incident, where the exchange lost millions of dollars worth of Bitcoin due to security breaches and mismanagement. These scams have had a significant impact on the crypto industry, leading to increased scrutiny and regulation to protect investors.
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• Aarif MahdiJun 18, 2025 · 6 months ago
  Oh boy, where do I even start with crypto scams? There have been so many in recent years that it's hard to keep track. One of the most notorious ones is the OneCoin scam, which claimed to be a legitimate cryptocurrency but was actually a pyramid scheme. It managed to swindle billions of dollars from unsuspecting investors. Another scam worth mentioning is the PlusToken Ponzi scheme, which operated in Asia and managed to defraud investors of billions as well. These scams serve as a reminder to always do thorough research and exercise caution when investing in cryptocurrencies.
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• Amirhossein KhadiviSep 16, 2021 · 4 years ago
  As an expert in the crypto industry, I can tell you that there have been several major scams in recent years. One of the most prominent ones is the Bitconnect Ponzi scheme. It promised investors huge returns and had a multi-level referral program, but it was eventually exposed as a scam and shut down by authorities. Another notable scam is the QuadrigaCX case, where the exchange's CEO allegedly faked his death and disappeared with millions of dollars worth of customer funds. These scams highlight the importance of conducting due diligence and only investing in reputable platforms.
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