2
0 Comments

Crypto Scam Worth $15 Billion, Shook the Whole Industry. How a Ph.D. fooled the entire world

The cryptocurrency that challenged bitcoin. A founder who set out to rewrite the philosophy of cryptocurrency.

Here is the story of a woman who scammed the world and then ran away.

One of the biggest scams in history — The Times

Before the unprecedented crypto boom of 2017, there were only a few people who knew about cryptocurrency and blockchain. Bitcoin which was and still is the biggest and best-known cryptocurrency was rising in value every day. From a few cents, it had grown to thousands of dollars per coin.

Investors from all over the world wanted a piece of the pie, no one wanted to miss this once in a lifetime opportunity. During that time, altcoins were being developed mostly on top of Bitcoin. Very few people in the world knew about blockchain in technical terms, the underlying technology behind cryptocurrencies.

Everyone else looked at it as ‘get rich quick’ scheme.

Read the whole article:- https://levelup.gitconnected.com/biggest-crypto-scam-in-history-worth-15-billion-381e97cf2c0f

Photo by Bermix Studio on Unsplash

on September 15, 2020