What is a Scam?
A scam is a fraudulent scheme or deception designed to cheat people out of money or other assets. Scams can take many forms, such as a fake investment opportunity, a phishing attack, or a scam artist posing as a legitimate business. Scammers may use various tactics to persuade people to part with their money, such as offering a prize or making a fake charitable appeal. It is important to be cautious and do your research to protect yourself from scams.
Top Crypto Scams of 2022 :
Collapses of the Terra (LUNA) ecosystem, its major DeFi Anchor Protocol (ANC) and the USD-pegged stablecoin TerraUSD (UST) contributed to the Q2-Q4, 2022, phase of the bearish recession.
The drama around the now-defunct crypto exchange FTX and the associated trading firm Alameda Research was the largest centralized service collapse across 2022.
During the start of FTX’s bankruptcy proceedings on Nov. 11 and 12, a series of unauthorized transactions took place at the exchange, with Elliptic suggesting that around $477 million worth of crypto was stolen.
The largest exploit to take place in 2022 happened on March 23, when the Ronin bridge was exploited for around $612 million — 173,600 ETH and 25.5 million USD Coin.
Another DeFi protocol called Rari Capital was exploited on April 30 for the sum of roughly $79.3 million.
#NFA #DYOR #MAB #Crypto2023