CryptoFX LLC: CryptoFX LLC scammed over 40,000 investors, mainly from the Latino community. It promised high returns through crypto and foreign exchange trading. In reality, it was a Ponzi scheme using new investors' money to pay earlier ones.
HyperFund: HyperFund, promoted by Xue Lee and Brenda Chunga, collapsed in 2022. The $1.7 billion pyramid scheme falsely promised profits from crypto mining. Many investors were left unable to withdraw their funds.
Trade Coin Club: Trade Coin Club raised 82,000 bitcoin (worth $295 million) from over 100,000 investors globally. It promised returns from crypto trading but was a classic Ponzi scheme. Thousands of people were defrauded.
BitConnect: BitConnect, one of the most infamous crypto Ponzi schemes, collapsed in 2018. It falsely claimed to generate high returns through a trading bot. Investors lost millions when the scheme unraveled.
PlusToken: PlusToken defrauded investors out of over $2 billion. It promised huge returns through a crypto wallet and exchange service. The scheme collapsed in 2019, leading to multiple arrests.
OneCoin: OneCoin was a fraudulent cryptocurrency that duped investors out of billions of dollars. Its founder, Ruja Ignatova, remains at large. The scam remains one of the largest Ponzi schemes in history.
MiningMax: MiningMax raised $250 million by promising profits from crypto mining. It was shut down in 2017 after several individuals were charged with fraud. Investors were left with massive losses.