The cryptocurrency has long been associated with fraud and open fraud, dating on at least a huge bitcoin loss of Mt. Gok Cripto Exchange in 2014. years, Cripto is an ideal vehicle for execution of frauds because of its wide adoption of criminals, anonymity of transactions and gullibility cryptocurrency Like lottery tickets for wealth.
While cryptocurrency really hit Mainstream With the transmission of in Bitcoin in 2017 yearsIt exploded in popularity from 2020. year, when the federal reserve fell interest rates on zero, stirring flight for risky property. Even American President Donald Trump now has a cryptocurrency ($ Trump) and the first Lady Melania Trump, is also her coin ($ Melania). President Trump became a notable contribution crypto and introduced the US Strategic Bitcoin Reserve.
The recent formed and explosion of cryptocurlence in the mainstream also brought with it a raft of fraud, blowing and The mat is pulledWhere Cripto creators simply go with the money invested in their project CRIPTO. Here are the five largest crypto scandal.
Many, many crypto frauds are a will of danger of investment in cryptocurrency.
FTX was one of the world’s largest crippto exchangers and one of the biggest blows, accompanying cryptocurrency in 2022. years. FTX was supposed to keep $ 11.3 billion in clients in Alameda Research Alameda, on Alameda Research Fund. However, only $ 2.3 billion of these funds can be found, because FTX moved funds from customs bills and used them in their needs – embezzlement, according to the US Ministry of Justice. The FTX filed a bankruptcy in November 2022. FTX Founder and director I Bankman-Fried was convicted of money laundering and consumed for 25 years in prison in March 2024. Years.
Bynancic Holding, Name behind huge Binance Cripto ExchangeIt is cloudy in November 2023. years in different crimes, including a violation of the Bank’s secrecy and registration failure as business with money transfer. The company agreed to pay more than $ 4 billion as part of the charges. At the same time, the CEO of the company, Changpeng Zhao, welcomed not to maintain an effective program against money, and then resigned as the CEO. “His willing failures allowed money to flow terrorists, cybercrime and abuse of children through their platform,” said the Secretary of the Treasury Janet L. Yellen. The binance was launched in 2017. years and quickly became the world’s largest combination of cryptocarnence.
The year 2022 was rough for cryptocurstity, because rising rates were taken to the risk traders further than the sector. And that the lack of confidence helped to blow up Terra USD, Stablekoin who teamed up in the US dollar. In May 2022. The traders began selling Stablecoin and, for technical reasons, had problems maintaining their PEG with a dollar. After that initial break, the coins disappeared from control and palanding, becoming practical without value for several days. It was one of the first blows in 2022. years, because the federal reserve quickly set interests to fight inflation.
Coin Squiry was launched in 2021. years on Piggiback on the popularity of Netflix series “League Game”, promising online game “Play-Arlas” based on a series. Unfortunately, the Coin’s developers treated their investors everything as bad as competitors in the series were treated. The coin of the squid was a classic operation from the mat, and the project founders were abolished with the funds of clients only a few days after the project was launched. The coin is a school in its few days of existence, the peak of about $ 2,861 per coin, but investors had problems with the sale of tokens. Days after launch, the founders of the project entered $ 3.36 million, which investors investors and disappeared. In a few minutes, the coins fell into less than the cent in price. While small in total value, the fraud was a media sensation, with many crypto merchants, they learn what to pull the mat.
Javier Miley, President Argentina promoted a cryptocurrency called $ Libra in February 2025. years on open media. “This private project will be dedicated to encouraging the growth of the Argentine Economy by financing a small Argentine company and startup,” said the message to KS in translation. After the message, Millions poured into a coin. But only a few hours later Insider, who owned most cryptographers, sold out and banned $ 250 million, and the price cried crashed by 90 percent or more. The marketing team behind Argentine fraud is also the same one who launched the cryptocurrency of Melanija Trump.
Donald Trump has generated $ 2 billion in Cumulative Losses for about 800,000 investors, according to New York Times.
The cryptocurrency is associated with fraud for different reasons:
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Getting a quick mentality: The cryptocurrency as a whole promises the ability to quickly get rich, turning what is performing to be investing in lottery. No questions, many cryptos are together, but literally thousands are almost worthless. You have been selected by a lack of knowledge about victims that are looking for an easy way to get wealth.
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Public ignorance of cryptocurrency: Little members of the public understand that the works of the cryptocurnancy and the necessity of securing digital property, so it can be easily bamboo, a technically insocial victim.
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Cryptocurrency does not support anything: Most cryptocurlenities are not supported for anything and the funds or cash flow of basic business. Several individuals could compile a website for memecoinsFor example, without money and attempts to sell them investors as fast-rich investments. Since the CRYPTO does not have a fundamental value, the only thing that has accelerated the price cripto is the demand for them.
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Anyone can create cryptocurrency: Literally, everyone can create cryptocurstity, and reported 37 million already since March 2025. years, according to Tanguem, Companic Company.
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Semi-anonymity of transactions: Criptocurrency allows people to exceed the money (or at least semi-anonymously) anonymously. So, those who do not want their transactions related to them, such as criminals, consider the efficient means of moving money.
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Facilitates a crime: Due to its anonymity, the crypto is an effective way to facilitate the criminal offense, allowing criminals to extort individuals, pay for illegal transactions, and then for money laundering.
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Cripto transactions are irrevocable: Once the crypto coins are sent somewhere or are stolen, they went to good. In addition, it is impossible to return them. Criminals can escape with their money and you will not be able to do anything about it.
These factors have all created an environment that makes it easier for fraudulent to use the crypt to make the general public.
Criptocurrency is an ideal means of facilitating crime and lack of public knowledge of crypto and its desire to quickly achieve quickly to create a great recipe for fraud and fraud. Traders must be aware of the risks they work when they trade cryptom and protect themselves from fraud.
Editorial board Disclaimer: All investors are advised to conduct their independent research into investment strategies before making a decision on investment. In addition, counselors advise that past investment performance products is not a guarantee for future price appreciation.
