The history of any scmas o crypto

The crypto world, like many other sectors, suffers material and image damage caused by fraudulent activities.

So, what were the five biggest scams that have done most damage in this sector? Even in the crypto world there are those who try to sell the Colosseum to the unwary and gullible tourists?

Bitconnect
One of the most famous scams was Bitconnect, also because it was launched with great force and, unfortunately, relaunched with great enthusiasm by different influencers.

The project included a platform for converting bitcoins into BCC (ie the Bitconnect token) that was then lent to other users in exchange for high interest.

It was not difficult to imagine that it was a scam, also because astronomical returns were promised and because the sale of the BCC was based on a clear Ponzi scheme.

In reality, whenever huge gains are proposed (for example, 1% per day) it is extremely likely that this is a scam, like every time someone who buys can only earn money if they can persuade others to buy. It is called, in general, chain of St. Anthony.

The company behind Bitconnect closed after only one year of activity and after having received two closing orders from the American financial authorities. The question is now in court and nobody knows if the scammed can be reimbursed for what they have lost.

GAW Miners
Another classic, unfortunately, are companies that claim to sell cloud mining packages, but that do not actually sell anything.

Let's be clear, cloud mining is not necessarily a scam, but since it is extremely difficult to verify whether the money you lend to companies is actually used to undermine, the risk of simply putting it in your pocket is quite high.

And that's exactly what happened to the more than 10,000 GAW Miners investors. Indeed, it seems they never even had the necessary equipment to undermine all the bitcoins they had promised. They only promised and collected.

Fortunately, in this case the US SEC intervened, thanks to which, after two years of investigations, the CEO Josh Garza was fined more than 9 million dollars, with 700,000 dollars of interest.