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How These Three Crypto Projects Scammed Investors Out Of At Least $4 Billion
Here’s why we keep falling prey to fake crypto projects.
By now, you’d think we’d know better than to invest in scammy crypto projects. But it seems we still have more learning to do.
In fact, cryptocurrency crime keeps rising every year. It grew by 79% in 2021 compared to 2020, and many expect the trend to continue in 2022.
So, it’s high time we understand why we keep falling prey to scammy crypto projects.
The answer, of course, lies in their marketing.
That’s why I analyzed the marketing behind the three arguably biggest crypto scams in history.
Here’s what I found, along with some super-interesting details about these crazy “rug pull” scams.
1. OneCoin & The Cryptoqueen
OneCoin was promoted as the Bitcoin alternative but ended up being one of the biggest Ponzi schemes in history.
Although it claimed to be crypto, OneCoin never had a blockchain behind it — which should have been an immediate red flag for investors.
Despite that, OneCoin Ltd managed to pull in at least $4 billion from investors between 2014 and 2016. Some estimate…
