Scams always follow when money is involved. The same applies to cryptocurrencies. Wormhole, a cryptocurrency exchange platform, suffered a $320 million loss as a result of a cyberattack in February 2022. In addition to this attack, a report by the Federal Trade Commission claims that cryptocurrency scammers have stolen more than $1 billion since 2021.
Digital currency is a type of money that is kept in a digital wallet and may be converted into actual cash by the owner by transferring it to a bank account. Digital currency is different from cryptocurrencies like Bitcoin. Since it runs outside of financial institutions and uses blockchain for verification, it is more difficult to recover from theft. Even though cryptocurrency is a more recent trend, thieves are nonetheless stealing in the same ways they always have.
In this video, we are going to talk about the cryptocurrency scams that have occurred so far and how they were pulled.
⏱️VIDEO CHAPTERS⏱️
0:00 – INTRO
3:19 – Celsius’s False Hope
6:08 – QuadrigaCX and the CEO’s Mysterious Death
7:15 – Hanad Hassan played BBC intelligence
8:42 – Ukraine Rugpull
10:02 – Axie Infinity Loses $615 million
10:53 – Wormhole Network Attack
8:42 – FTX and the Scam Stunt
10:02 – Conclusion
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It’s all a scam at the end of the day. Even legit coins are hit by mass rich manipulators as seen by the China company manipulation leak
Be careful out there guys. I got scammed out of my monthly pay and all I've saved the previous month, I'm a single mother of three girls, I never In this world thought I will be able to recover my money not until I connected with GrindTechiei on the internet. He made me understood the crypto space more.
🎉 Been watching #GrindTechiei on the internet for about 2 years now and to see his growth with recovery jobs is still good to accept, hes so humble and normal its almost like hes been on the end scam fight his whole Life
Interesting video! Good watch while at the gym, always like hearing about how these systems crumbled
Grindtechiei on the internet has made his work his passion, and that's why i won the scammers that tried to rip me off. I truly appreciate the good work and efforts you put in the recovery process thank you from my Heart:
Just fell victim to Market Ikkito crypto scammers, please someone tell me they are legit, they apparently froze my account for the most lame excuse, not enough crytpo. Would help others from doing the same.
All Crypto Currencies are Scams waiting to be exposed.
What assets did Celsius actually have? 8 billion dollars of crypto? Crypto isn't even a currency, it's just air. So air is somehow an asset?! Let's face it, they never had any assets and were broke from day 1.