Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines
The Beijing Web Finance Trade Affiliation (BIFA) issued a discover on July 9 urging retail buyers to reject pitchbooks that ...
Tag: Ponzi
Latam Insights: Argentina Controls Dollar Exchange Rate, Brazilian Ponzi Operator Gets 128-Year Sentence
Welcome to Latam Insights, a compilation of probably the most related crypto and financial information from Latin America over the ...
Brazil Jails Braiscompany Trio for 171 Years over R$1.1 Billion Ponzi Crypto Scheme
A federal court docket in Brazil has sentenced three people linked to Braiscompany, a collapsed cryptocurrency funding agency, to a ...
Crypto Degens Search for Next ‘Ponzi Game’ After ‘Bigcoin’ Price Craters
It is nothing new for crypto video games to be derided as "Ponzi schemes"—however some gamers are utilizing the tag ...
Nigerian investors blindsided by massive CBEX Ponzi scheme
1000's of Nigerians have misplaced tens of millions to a fraudulent digital asset buying and selling platform, CBEX, which operated ...
$577 Million Crypto Hashflare Ponzi Scheme Busted
Loved this text? Share it with your folks! Two Estonian males, Sergei Potapenko and Ivan Turõgin, have pleaded responsible to ...
Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators
Nigeria’s proposed Investments and Securities Invoice, which proposes jail phrases for Ponzi scheme operators, has been welcomed by crypto trade ...
Crypto Ponzi Scheme Leader Sentenced to 10 Years by U.S. Court
David Carmona, founding father of the cryptocurrency Ponzi scheme IcomTech, has acquired a 10-year jail sentence following a courtroom ruling ...
OmegaPro co-Founder arrested in Turkey charged with $4 billion Ponzi scheme
Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey. Authorities have traced $160M in crypto transactions and seized computer systems ...
Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind’s Death
A Brazilian federal decide has ordered legal expenses in opposition to Johann Steynberg, the late CEO of the bitcoin buying ...