Most Hated Scammers Ever in the Cryptocurrency Industry

The Ethereum Merge Could Become a Scammers Paradise
  1. Cryptonewsland revealed a list of the most hated crypto industry scammers.
  2. Satish Kumbhan and SBF are inclusive in the list.
  3. Several have been arrested while others fled, never to be seen again.

The list, which included Satish Kumbani and Sam Bankman Fried (SBF), is exciting and nasty. They are all allegedly despicable and a disgrace to humanity; they are all equally guilty and destructive because they have succeeded in wrecking the lives of a large number of individuals.

Although most people are unaware of some of them and others are deemed “famous,” Cryptonewsland has hypothesised which ones are the most repulsive and disliked.

Satish Kumbhan, linked with the BitConnect Scam, is first on the list. Last year, Satish was charged with conducting a worldwide Ponzi scam. However, according to authorities, he remains at large and has probably departed his home in India for an unknown destination.

Second is Ruja Ignatova of the OneCoin Scam, which was marketed as an investment-worthy cryptocurrency. It was operated by Bulgarian Ruja Ignatova, also known as the Cryptoqueen.

Do Kwon, the creator of Terra-Luna is third on the list. Kwon reportedly provided “fraudulent misrepresentations” on TerraUSD’s solvency. Terra (LUNA), an EVM-compatible smart contract platform, was one of the most overhyped Ethereum (ETH) competitors of 2021.

The fall of Sam Bankman-Fried’s crypto exchange, FTX, and its affiliated crypto-investing business Alameda Research was the most unexpected Web3 drama. However, SBF was arrested and freed on bail while FTX’s realised losses reached $9 billion equivalent.

Africrypt was a big fraud conducted by two brothers, Ameer and Raees Cajee, 18 and 21 years old, respectively, at the time. The brothers reportedly targeted wealthy people and celebrities in South Africa by offering them enormous profits.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer