Each main coding fraud, was classified from the least to most of which was stolen

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Cryptocurrency has revolutionized the way we think about money, as it has provided new ways of investment and financial freedom. But with a great opportunity, it may be a great risk. The world of encryption was also afflicted with fraud and breakthroughs, which cost the investors billions of dollars. From Ponzi detailed plans to advanced Defi, the dark side of digital financing is full of warning tales.

Official statistics differ, depending on the source. according to Crystal intelligenceSince June 2011, there have been 785 reported incidents, including security violations, Defi Hacks, and fraud fraud. In total, approximately $ 19 billion was stolen, as fraud alone represents nearly $ 8 billion. On the other side, According to the analysisAt least $ 40 billion was received by encryption addresses that bear only illegal in 2024. According to De.fiMore than $ 80.8 billion has been stolen in fraud and encrypted breakthroughs since 2011.

Despite the progress of security, the Crypto Crime continues to rise, with investors reminding the importance of vigilance and caution. For this reason, we will dive here in some of the worst encoding fraud ever, while exploring how they are exposed and the lessons we can learn from.

Phoenico ($ 1.5 billion)

All fraud in this list has the same narration for their victims: depositing X the amount in encryption or Fiat and get 20, 30, 40 or anything monthly juice – with some interpretations or no explanations about how these profits are possible. Finiko offered up to 30 % and got payments in Tether (USDT) and BTC (BTC) from unaware clients. This was a Russian -based investment platform (but in fact, the Ponzi scheme) was established in 2019 by Kirill Dorwinin, Zygmunt Zygmuntovich, and Edward Saberov.

Scheme It collapsed around July 2021, when the users reported that they could no longer withdraw their money. This is an important knowledge: in Ponzi Planning, leaders already pay some percentage of time, using new user money, because there is no other income source. Such a system, of course, is not sustainable in the long run, and the members end with fraud. In this case, Finiko got about $ 1.5 billion in more than 800,000 separate deposits.

Doronin was arrested in 2021, and other founders Follow in 2022. In 2023, Phoenico BankruptcyAnd all the property of the founder to pay the debt was sold in part to the victims. It is not clear what happened to the total amount of lost money.

Thodex, a notorious Turkish encryption exchange, would occupy the next place at the top. Its founder, Farok Vatte Ozer, left the country in 2021 with a device wallet containing $ 2 billion of money from customers. but, Modern reports It showed that the losses amounted to only about $ 43 million.

Hyperverse ($ 1.8 billion)

He was also known as Hyperfund and Hypernation, and this was a plan to invest in encrypted currency that fraud on thousands of investors worldwide. Be established Written by Sam Lee, an Australian businessman called “Crown Prince Bitcoin”, and Zain “Ryan”, “Bitcoin King”, which was self -declared from China, the scheme was operated under the excessive technology group, which was established in 2020.

Promise daily returns from 0.5 % to 1 % of cryptocurrency mining, attracted investors with negative income attractiveness. However, investigations revealed that these allegations were wrong, and the plan was based on a multi-level marketing model (MLM), as members were motivated to recruit others to develop their networks-and this means, another Bonzi plan. Reports estimate that the losses range between $ 1.3 and $ 1.8 billion, with many investors inability to withdraw their money.

In a strange development, Detected In January 2024, the CEO of Hyperverse, Stephen Reese Lewis was not present. Promotional materials claimed that Reese Lewis has scientific degrees from Leeds University and Cambridge University and worked in Goldman Sachs and Doubi. However, records were not found for his existence, and institutions denied any correlation. The scheme also used celebrity approvals, including messages from Steve Wozniak and Chuck Norris, probably through paid services. Despite these efforts to appear legitimate, the plan collapsed in 2022, which left investors to be cut off.

Sam faced the legal consequences of his involvement. In January 2024, Lee Accused By the United States and the Ministry of Justice with a conspiracy to commit fraud, while promoter Brenda Chunga acknowledged a comet. Lee, who moved to Dubai in 2021, denied his involvement in Hyperver’s operations but was involved in managing his money. Ryan Show remains unknown. Excessive Saga is a blatant reminder of the risks of high -yielding promises in the crystalline world.

BitConnect ($ 4.1 billion)

“Hey, hey, bitconneeeeeeEEEEEEEEEECT !!!” If you are in encryption for a period of time, this audio -visual meme should look familiar. It was a very excited trend by Carlos Matos, promoting Bitconnect, during an event in 2017. At least we left that. Otherwise, they presented themselves as an ecosystem for lending with a potential high profit and its encrypted currency, BCC – but of course, all this was more than the Bonzi scheme.

Users have been encouraged to exchange BitCOIN to Bitconnect (BCC) and provide these coins for benefits payments, which are supposed to generate “trading robot”. This robot claimed earning profits from market fluctuations, allowing investors to receive daily interest. However, doubts have grown due to the multi -level marketing model and unrealistic promises of 1 % of the complex daily attention, which are common red flags for Ponzi plans. By late 2017, the market value of Bitconnect exceeded $ 2 billion, making it one of the most popular cryptocurrencies of the time.

On January 3, 2018, the Texas Securities Council described Bitconnect And make up Stop and exile. Just two weeks later, on January 17, Bitconnect closed the lending and exchange platform, causing BCC to decrease by 92 % within hours. Various reports estimate that the total losses range from $ 2 billion and $ 4.1 billion for investors worldwide.

The legal consequences were followed quickly. In 2021, the American Securities and Stock Exchange Committee accused the founder Satish Kompany and American promoter Gilin Arkro of fraud. Kumbhani disappeared, becoming a fleeing, while Arku admitted guilt and sentenced him to 38 months in prison. In January 2023, an American court ordered ARCARO to pay $ 17 million as compensation to nearly 800 victims worldwide. Although some of the affected investors CompensationMany others left significant financial losses.

Plusoken ($ 5.7 billion)

guess what? This was also a plan for Ponzi, with an initial currency (ICO). Plusoken started in April 2018, as it targeted investors in China and South Korea. She promoted herself as an encrypted currency portfolio that provides high monthly returns, claiming to be a cloud trading, and referral commissions. The project also provided its distinctive code, in addition, to persuade millions of people to invest, and promise profits between 9 % and 20 % per month.

This scheme was very successful due to aggressive marketing, including face -to -face meetings and material advertisements, which helped build confidence among investors. By mid -2019, complaints about withdrawal issues appeared, which represents the beginning of the end of Plusoken.

It is estimated that the fraudsters who stole between $ 2.9 billion and $ 5.7 billion in cryptocurrencies, including bitcoin, Ethereum, and EOS. next to, Analysts believe The sale of these stolen money contributed to a significant decrease in the price of bitcoin in 2019, as the large liquidation generally increases the market value.

Ultimately, the authorities captured the planners. In 2020, the Chinese authorities Arrest 27 individuals associated with anxiety. In addition, about $ 4.2 billion of cryptocurrency It was seizedOn the occasion of one of the largest recovery operations in the date of fraud in encryption.

Now, we have to mention this: this position will be held, a fraudulent exchange of South Africa whose founders have disappeared with all the money, or one very close to it on top. They have been described that they stole about $ 3.6 billion in encryption, however Other reports It indicates that the number may not be accurate at all.

Onecoin (up to $ 19.4 billion)

Something funny about this? Yes, it (is?) It was a global and huge Bonzi planner as well, but they never bother to create any real symbol or ICO, not even to save the face. Onecoin was a famous encoded currency that was not at all encoded because it was not on any encryption network. They had no concerns to announce that they were using this technology.

Launch in 2014 by Ruja Ignatova alongside Sebastian Greenwood, Onecoin It was marketed as a revolutionary digital currency with “Blockchain Private”, which continued to rise. However, no one of the actual currencies or actual currencies – everything was confined to his own platform. Investors were lured with an educational package at a price ranging between 100 and 225,000 dollars, which included the alleged symbols that are allegedly used to extract Onecoin. The plan relied heavily on a pyramid -like employment model, as the members are rewarded for bringing new investors.

Onecoin’s effect was huge The estimated losses It ranges between $ 4.9 billion to amazing $ 19.4 billion, depending on various reports. The vast contrast is due to the global access to fraud and the continuous flow of new victims. The process extended to many countries and languages, using aggressive marketing, cheerful events, and even material ads to gain credibility. They have been renamed intelligently under names such as OneLife, OneACADY and OneWorldfoundation to avoid legal consequences and maintain the scheme alive. Despite the installation accusations, many investors have been hoping for the company’s promises of high returns and misleading accounts about its legitimacy.

Dramatic repercussions: Ruja Ignatova, known as “Cryptoqueen”, disappeared in 2017 and is still in general energy, required by multiple international agencies, including the FBI. Her brother, Konstantin Ignatov, was arrested in 2019, and later admitted that he was guilty of fraud and money laundering. Sebastian Greenwood was arrested and sentenced to 20 years in prison. Despite these arrests, the fraud continues Under the new pseudonym Like Fantastic Global Team and Dealshaker, and the progress of unprecedented investors around the world. This way, the total stolen amount remains.

Do not fall for that!

You never know when you might be the next victim of the encryption fraud. It requires protecting yourself alertness and smart practices. Here are some basic tips to keep your investments in your pocket:

Control your own keys: If you do not have your own keys, you will not have full control of your coins. Legitimate and decentralized platforms such as obytealways enable users to get their own keys. Avoid platforms that do not offer this or at least some organizational support (such as exchange of encryption), as they control your money.
Use dual -factor authentication (2FA): Enhance your encryption accounts by enabling 2FA. This adds an additional layer of protection, even if your password is penetrated. in OBYTE GovernorYou can do this by creating a multi -time account from global settings or by setting up a pass is used to sign all transactions.
Search projects accurately: Before investing, search for the project team, white paper, and community comments. Anyone can create custom codes on encryption networks, not all legal projects. In __BYTE’s Asset Registry__it, it is possible to create dedicated codes without coding with less than one dollar, for example. Therefore, always do your own search on every individual assets or project.
Beware of unrealistic returns:If the investment promises high returns without small or non -risk, it is likely to be the Bonzi scheme. Legitimate investments come with more modest risks and returns.
Avoid pressure tacticsThe fraudsters often create urgency, which causes you to invest quickly. Take your time to assess the opportunity and do not push for decisions.
Stay on and informFollow the sources of encrypted news and reliable societies to stay aware of the latest fraud and threats. Knowledge is your best defense.