This Ponzi scheme defrauded investors of
One Coin was founded in 2014 and promoted as the “Bitcoin killer.” In reality, One Coin was not a cryptocurrency, as it never even had a blockchain behind it.
Rising inflation concerns and Federal Reserve’s interest rates tightening
A bankruptcy filing by crypto exchange FTX, forced liquidation of Three Arrows Capital on a loan default, the Luna crash and withdrawal freeze by the Celsius Network
Investing through leveraging, resulting in panic selling
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