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5 CRAZY Crypto Mysteries You NEED To Know About! πŸ”

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Yes.. The crypto sphere is mysterious. Most of us are preoccupied with sifting through those tea leaves to try and work out, which altcoin is going to explode next. Am i right? However, beneath all that market noise and hubbub lurk some really head-scratching mysteries now.

Some of those could affect your portfolio, some are potentially cold case murders. And some alleged disappearances could just be some of the biggest scammers in history getting away scot-free. In this video, i’m going to look at the five biggest mysteries in the crypto verse.

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And knowing all. This may also help you learn how to spot scam artists, save that portfolio from a black swan event or potentially worn off, any would-be scammer from doing the wrong thing. So if you want to learn more about the dark side of crypto and want to hear about a mystery concerning this crypto guy. Then you’ll want to stick around. Before i unload those knowledge bombs, i do need to come clean on a few things.

Now, ever since i was a young whippersnapper, i dreamed of becoming a financial advisor to go to work in a suit, earn ridiculous amounts of money, drive a fancy car, and have fabulous hair. Now sadly that childhood dream never came true and that means, that i am no financial advisor hence everything. In this video is for educational and entertainment purposes. Only now with that letdown out of the way i want to welcome anyone new to the bureau.

My channel is full of top-notch crypto content, that includes the most important news analysis and reviews to hit the blockchain. So, if that is something you would like to avail yourself of, please acquaint yourself with that subscribe button.

Give it a click and ping that bell to make sure that you’re the first to know when we release another video. And one final thing behold the timestamps, i have put in the timeline, use them. If you’re short on time and want to skip ahead to the crypto mystery, that interests you the most.

Okay ready to solve some mysteries. Get your shovel out and let’s start digging. The first records of incidents that meet, the definition of a ponzi scheme date back to the late 1860s. They have certainly been around for a while. However, in the last 150 or so years a few have hoovered up more than a billion dollars. I mean that’s the sort of mind-boggling money that i hope my ada position will be worth in 20 years time on a serious note a billion dollar.

Ponzi is super rare and the crypto ponzi scheme one coin managed to defraud hapless investors of an alleged four billion dollars worldwide to put that into context. That’s about the same amount of money, it would cost to buy Manchester United football club or the New York Giants if you’re into american football.

So, yes we’re talking about a heck of a lot of money here. Onecoin was founded, all the way back in 2014 and it was claimed that the first Onecoin was mined back in January 2015. But here was the problem.

There was no public or private blockchain and no real tech to speak of a bit of an issue for a self-proclaimed cryptocurrency. Instead what onecoin had was a charismatic founder called Dr Ruja, who was fluent in several languages reportedly had an Oxford University degree. And who had appeared on magazine covers like the bulgarian issue of forbes. Yes there were fancy one coin events attended by cult-like one coiners where Dr Ruja talked about the financial revolution. How onecoin was going to bank, the unbanked, and how onecoin was a bitcoin killer.

All that was wrapped up with a good dose of bank bashing to boot. However, most people who got involved with onecoin, had no idea about the tech or lack of tech behind the project. Most people didn’t even understand what cryptocurrency actually was. All they believed was that onecoin was the next bitcoin.

And that it was a way for them to get rich. So if you were ever wondering why. I like to deep dive into a crypto project’s tech in my coin reviews. It’s to help level up that sort of knowledge. So you cannot be sold empty pipe dreams like one coin, one major red flag was that one coin was never listed on any public crypto exchange.

That meant there was never a real price for one coin and instead. It was worth whatever Dr Ruja said it was that meant that one coin holders were misled into believing their investment was going to the moon. Simple but effective.

If you ask me, but how did people get one coins, well there was a fake affiliate program where people like you and me could sell onecoin packages to friends and family in return the seller would get a commission 60 in euros and 40 in tokens.

Those packages were given cool sounding names like the executive trader package or the infinity trader package. So that incentivized lots of regular people to sell onecoin packages to their mates and line. The pockets of Dr Ruger in reality. These packages which could top 27 and a half thousand euros were completely worthless needless to say. One coin holders were keen to see their coin trading on a normal public exchange.


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πŸ“Ί Useful Vids πŸ“Ί

β–Ί What happened with Quadriga CX? πŸ‘‰ https://www.youtube.com/watch?v=cN292cHlO48
β–Ί Who is Satoshi? πŸ‘‰ https://www.youtube.com/watch?v=udUydSKMcUM
β–Ί All about the Panama Papers πŸ‘‰ https://www.youtube.com/watch?v=f8jyzACQ6MY
β–Ί Bitfinex, Tether & USDT πŸ‘‰ https://www.youtube.com/watch?v=dPJGZny8kOE

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– TIMESTAMPS –
0:00​ Intro
2:14 Dr Ruja & OneCoin
7:23 Quadrigua CX
13:27 Who Is Satoshi?
15:32 1 USDT Worth 1 USD?
19:47 Bitconnect
22:14 Final Thoughts

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⛓️ πŸ”— Useful Links πŸ”— ⛓️

β–Ί How OneCoin worked: https://hackernoon.com/onecoin-scam-that-became-a-religion-3zr3xds
β–Ί Dr. Ruja theories: https://www.bbc.co.uk/news/stories-50435014
β–Ί Story of QuadriguaCX: https://www.bbc.co.uk/news/world-us-canada-47203706
β–Ί Missing Quadrigua founder: https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten
β–Ί Satoshi’s last email: https://pastebin.com/syrmi3ET
β–Ί Suspected market manipulation using USDT: https://www.bloomberg.com/news/articles/2021-01-14/research-affiliates-quant-warns-of-bitcoin-market-manipulation
β–ΊDivyesh Darji arrest: https://news.bitcoin.com/india-bitconnect-head-arrested/

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1️⃣ Dr. Ruja & OneCoin 1️⃣

Few ponzi’s have been bigger than OneCoin, the crypto scheme that defrauded investors out of $4 billion!

OneCoin was founded back in 2014, with the first coin claimed to have been mined in 2015. However, there was no public or private blockchain and no real tech to speak of – a bit of an issue

How was that possible? Well, founder Dr. Ruja travelled the world flaunting her reported Oxford University degree and hosting lavish OneCoin events. That got her an almost cult-like following

OneCoin holders were misled into thinking that their investments were going to the moon. The coin wasn’t traded on any exchange and the price was whatever Dr. Ruja said it was. So people believed they were getting rich; throw in a fake affiliate program and you have a viral ponzi scheme

That continued on until October 2017 when Dr. Ruja never showed up to an event and has been missing ever since. That’s spawned many theories on where the ponzi queen is to this day

πŸ“ˆ Quadrigua CX πŸ“ˆ

Gerald Cotten was the founder and CEO of the Candian Bitcoin exchange, Quadrigua CX, which collapsed in Jan 2019

Yes, there is an interesting backstory to all that which I dive into in the vid. However, this mystery revolves around Gerald’s reported death during his honeymoon on the 9th of December 2018

Turns out that only Gerald had access to the cold storage which should have had $200 million in crypto in it. However, within a month of Cotten’s reported death, it was proven that almost all of these β€˜inaccessible’ wallets were empty

It was then revealed that Cotten had been using user funds to trade and let’s just say those trades didn’t go very well

That got the crypto wondering whether Gerald was really dead or had he faked his own death?

πŸ•΅οΈβ€β™‚οΈ Who Is Satoshi? πŸ•΅οΈβ€β™‚οΈ

Bitcoin was created by the legendary Satoshi Nakamoto. However, on April 23 2011, Satoshi left us forever and vanished into the crypto ether, never to be seen again

That’s led many to speculate on the real identity of Satoshi, with a plethora of candidates being put forward. These include the likes of Dorian Nakamoto, early Bitcoin contributor Hal Finney, cypherpunk Nick Szabo, crime boss Paul Le Roux and the cryptography genius Adam Back

πŸ’΅ 1 USDT Worth 1 USD? πŸ’΅

USDT is the most popular stablecoin in crypto and has the most trading pairs. It’s got a marketcap sitting at a whopping $46 billion!

But what if 1 USDT wasn’t backed one 1 dollar? That would be a bit of a problem for crypto markets, right?

Watch my vid to learn more about this potential black swan event

πŸ“’ Bitconnect πŸ“’

Most of you have probably heard about the multi billion dollar ponzi scheme that was Bitconnect!

This scheme claimed to have some magical crypto trading bot that generated returns of up to 40% a month. On top of that, investors were promised up to 0.25% daily interest based on how much they invested.

There are many questions as to who was behind Bitconnect, did the promoters know and who was the real mastermind behind it all?

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #mysteries #tether #bitconnect #onecoin #quadriga #satoshi

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