Search
How to tell if a cryptocurrency project is a Ponzi scheme
26.8.2022
Crypto Ponzi schemes have increased over the past couple of years. This is how to spot them
Billionaire Mark Cuban Sued for Allegedly Promoting a Massive Crypto ‘Ponzi Scheme’
14.8.2022
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a massive Ponzi scheme” and Cuban “duped millions of Americans into...
CFTC Accuses Ohio Man of Running $12M Bitcoin Ponzi Scheme
12.8.2022
The U.S. markets regulator filed a cease-and-desist order in a district court against Rathnakishore Giri and his companies over allegations of scamming investors interested in digital assets
Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as Ponzi Scheme
10.8.2022
Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on illegal activities linked to cryptocurrencies. The platform, called Bincloud, lured investors through popular messaging apps. Bincloud...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme
2.8.2022
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including...
SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges
1.8.2022
The U.S. Securities and Exchange Commission (SEC) charged 11 people tied to the alleged $300 million crypto Ponzi scheme Forsage with fraud on Monday
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
27.7.2022
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty
24.7.2022
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the...
China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’
29.6.2022
The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value...
Research Firm FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’
28.6.2022
3AC borrowed recklessly from just about every institutional lender in the business, FSInsight’s report said
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme
19.5.2022
Two U.S. residents have been charged with running a crypto Ponzi scheme that allegedly defrauded hundreds of investors out of a collective $44 million
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme
15.5.2022
Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint...
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
14.5.2022
Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million
12.5.2022
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African...
ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed
25.4.2022
The central banker compared crypto market dynamics to the 2008 financial crisis and called for extra regulation and taxes
Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme
24.3.2022
A former accountant is the latest associate of the notorious BitClub Ponzi scheme to plead guilty
CFTC Brings Charges Against 4 Alleged Operators of $44M Bitcoin Ponzi Scheme
8.3.2022
Tuesday’s charges are just the latest in the CFTC’s efforts to regulate the crypto industry
BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
1.3.2022
Attorneys said efforts to locate the convicted founder could remain unfruitful
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
27.2.2022
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years...
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
26.2.2022
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations