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7 Crypto and NFT Projects That Were Total Scams (February 2022 Edition)

The worst rugpulls of the month took home over $8.5 million.

BNB 42 ($2.7 million)

Screenshot: Vimeo
Screenshot: Vimeo

You know what they say about things that sound too good to be true. They usually are.

The cryptocurrency project BNB 42 promised 100% profits after 10 days to anyone who bought their coin , something that obviously wasn’t real or sustainable. About 6,000 people invested in the project before it was rugged. The scammers behind BNB 42 made off with roughly $2.7 million, according to crypto monitoring firm Peck Shield.

The Twitter account is wiped and the website is gone, now parked by GoDaddy. And while the website is now offline, you can see what it looked like thanks to the Wayback Machine and videos that showed people how to buy in to the scam.

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