Some altcoins thrive due to real utility, strong communities, smart tokenomics, and good timing, while others fail from hype, poor leadership, or loss of trust.
Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), ran a $200M Bitcoin Ponzi scheme that defrauded over 90,000 investors. He misled clients with fake trading returns, manipulated an online portal to show profits, and spent millions on luxury cars, homes, and personal expenses. Palafox has pleaded guilty to wire fraud and money laundering.