Tag: Ponzi
Two More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a col [...]
No, Advisors, Crypto Is Not a Ponzi Scheme
For one thing, tokens like bitcoin and ether do hold value, even in down markets, and are not dependent on inflows of new money to pay off investors. [...]
Leader of the Suspected Russian Ponzi Scheme Is Arrested in UAE: Report
Finiko was popular in Russia in 2020-2021, marketing itself as a crypto investment fund. The company, which had been conducting public mass events and [...]
EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’
One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sen [...]
Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
Giri allegedly misled investor by promoting himself as an expert cryptocurrency trader with a specialty in bitcoin derivatives. According to the indic [...]
Bitcoin traders increase leverage longs even as crypto critics say BTC is a “pure Ponzi”
Bitcoin (BTC) price has tested the $16,000 resistance multiple times since the 25% crash that occurred between Nov. 7 and Nov. 9, and some critics wil [...]
SEC Charges Trade Coin Club Founding Members With Operating a $295-Million Ponzi Scheme
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Was Celsius just a Ponzi after all?
Crypto lender Celsius was one of the biggest casualties of the bear market. After halting withdrawals for months due to “extreme market conditions,” t [...]
Judge orders probe to investigate whether Celsius was a Ponzi
The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a [...]
DeFi abandons Ponzi farms for ‘real yield’ – Cointelegraph Magazine
Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distribu [...]
JPMorgan CEO calls crypto ‘decentralized Ponzi schemes’
While testifying before United States (U.S.) lawmakers, JPMorgan Chase CEO Jamie Dimon referred to himself as a “major skeptic” on “crypto tokens that [...]
Florida Man Pleads Guilty to Role in $100M Crypto Investment Ponzi Scheme
EmpiresX’s “Head Trader” Joshua David Nicholas, 28, faces up to five years in prison for his role in the scam.
www.coindesk.com [...]
Vermont Regulators Didn’t Use the Word, but I Will: Celsius Was a Ponzi
The Vermont filing also explores the role of the CEL token in Celsius’ finances. “If Celsius’ net position in CEL is excluded, its liabilities exceed [...]
‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin (BTC) from crypto investors in an investment scheme that was late [...]
How to tell if a cryptocurrency project is a Ponzi scheme
The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs [...]