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One Month On, Forsage Continues Despite SEC’s Ponzi Warnings
6.8.2020
Forsage members are courting a high risk with the Philippines' securities regulator
Blockstream’s Adam Back Slams Ethereum as a Ponzi-Scheme
6.8.2020
Crypto tribalism shifts up a gear, with Bitcoin pioneer Adam Back lashing out at Ethereum
Inside a Crypto ‘Ponzi’: How the $6.5M Banana.Fund Fraud Unravelled
3.8.2020
U.S. authorities are trying to return $6.5 million in bitcoin and tether to the victims of an alleged Ponzi scheme
Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People
31.7.2020
Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors....
Blockchain Bites: Plus Token Ponzi Popped, Cardano Forked and tZERO Cut
30.7.2020
Cardano is now running as a proof-of-stake network, the Marines banned crypto mining and crypto reacts to the congressional inquiry into Big Tech's market dominance
The Onecoin Debacle: Indictments Unsealed, 2 Dead in Mexico, Story Gets ‘Darker’
29.7.2020
The Onecoin fiasco is still making headlines these days as a number of alleged money laundering companies were exposed on July 25, two Onecoin leaders were recently killed in Mexico, and the British author Jamie Bartlett revealed a new “Missing Cryptoqueen” episode is coming soon....
How Billion-Dollar Crypto Scams Lure Victims
25.7.2020
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest...
New Suit Alleges Utahn Ponzi Operators Took the Money and Ran
16.7.2020
New suit looks to recover nearly three quarters of a million dollars from alleged ponzi scheme that claimed major altcoin gains amid crypto winter
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...
Promoters of Crypto Ponzi Scheme OneCoin Murdered in Mexico
15.7.2020
Two promoters of the crypto Ponzi scheme OneCoin were found dead in Mexico last month
Youtube Helps Scammers Steal $130,000 in Bitcoin From Investors Daily: Report
13.7.2020
Scammers raked-in $24 million in bitcoin during the first six months of 2020, according to a new report from crypto monitoring service Whale Alert. Cyber-thieves are finding it very easy to fool people of their bitcoin (BTC} because their schemes have become believably professional and aggressive...
Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile
12.7.2020
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe...
Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
10.7.2020
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi....
Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges
10.7.2020
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him
Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned
8.7.2020
Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U. prosecutors
Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum
7.7.2020
The MMM Ponzi accounts for 10% of Ethereum's transactions and 50% of Paxos's. It's time the Ethereum community did something about it
Philippine SEC Warns Against Crypto Schemes
5.7.2020
Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme
The Most Famous Financial Pyramids in the Crypto World
4.7.2020
Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them
OneCoin Marketing Scam Operator Fined $72,000 in Singapore
3.7.2020
A Singapore man was fined $72,000 for operating a multi-level marketing scheme linked to the Ponzi scheme OneCoin
Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin
3.7.2020
Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act