$BTC The biggest scams and collapses in the Cryptocurrency world (Crypto)
• Terra Luna (May/2022): This was the collapse that took away the most money from crypto investors. The algorithmic stablecoin UST and LUNA lost nearly 45 billion USD in market capitalization in just a few days. This event triggered a sell-off across the market, causing the total global crypto market capitalization to evaporate by about 2 trillion USD.
• FTX (November/2022): This exchange collapsed after revealing a financial "hole" of 8 billion USD in customer accounts. This has been described by U.S. prosecutors as "one of the largest financial frauds in American history".
