In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico.

According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear.

Onecoin is one of the biggest cryptocurrency Ponzi schemes that creamed off billions from victims even as reports emerged that it was a scam. News.Bitcoin.com has extensively covered the story of Onecoin.

While increasing awareness about cryptocurrencies helps to reduce the chances of people falling for scams, it seems this alone may not be enough.

Sophisticated criminals are still able to package scams that will deceive even the smartest investors or individuals that should “know better.”

Besides Onecoin, there a few more crypto scams that took billions from victims. This article looks at some of the biggest crypto Ponzi schemes and how they lured millions without getting caught.

Billion-dollar crypto scams

In 2019 authorities in China apprehended individuals behind Plus Token…

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Source: https://news.bitcoin.com/how-billion-dollar-crypto-scams-lure-victims/