BIGGEST CRYPTO SCAM OF THE CENTURY!!!!
By Danna B.
@db20747 (43427)
Washington, District Of Columbia
August 28, 2023 2:59pm CST
Have you heard of FTX?! This was a crypto exchange owned by Mr Fried that went belly up due to poor record keeping. The audits revealed that Fried had used customers money to buy luxury goods and make political donations. The customers thought their money and bitcoins were being stored by FTX , but instead was sent to another company in Hong Kong with a big difference in the assets they claimed to have and how much was in the bank. A Big 9 Billion dollar difference!!!! Where did the money go?!?! People rushed to get their money out but others not so fortunate. Fried is out on $250, 000,000 bail !!! How can you possibly know that a crypto currency exchange is legit?!?! And I'm not gonna get scammed?!? 
6 people like this
5 responses
@UmiNoor (4483)
• Malaysia
26 Mar
Here in Malaysia, there was a case of cryptocurrency scam too. This person sold crypto coins but never was able to justify where the money is. In the end, because she's such an influential person socially and politically, no action was taken against her and the story just didn't surface any more.
Crypto currency is a gamble. Have to choose an exchange that is truly legit and must do our own due diligence. But as the story above demonstrates, even a famous and well-known person can scam her followers so what's more an unknown individual. It's just a gamble. Better to stick to real money that you can touch and see instead of something that only exist in the imagination of the Internet.
1 person likes this
@Deepizzaguy (94657)
• Lake Charles, Louisiana
28 Aug
I avoid investing in currencies that I am not familiar with at all.
