CRYPTO SCAM!! Sunil Kavuri lost $2.1 million in Cryptocurrency

British Indian Sunil Kavuri said that he lost $2.1 million (1.7 million pounds) last year when the world's second-largest cryptocurrency exchange, FTX, collapsed while speaking with BBC on 26 Sep, 2023.

In November last year, FTX, formerly the second-largest cryptocurrency exchange in the world, declared bankruptcy. The former director of FTX, Sam Bankman-Fried, is in jail. Fried's first criminal trial is set for October 3. He is expected to be charged with seven crimes relating to the misappropriation of customer funds at FTX and Alameda Research.

Sunil Kavur stated that “I was on the computer for basically 24 hours, refreshing the page and trying to email the FTX support desk to get my money out. I felt sick. I just thought, 'Oh my God, that's it. I've lost everything,” he was quoted as saying in the report. The victim told me that he was saving money for a new house and to put his son through university.

US authorities will begin their high-profile trial against Bankman-Fried next week, accusing him of seven counts of fraud, conspiracy, and money laundering.

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