ponzi News

Proceeds were spent on luxury cars, jewelry and real estate, rather than cryptocurrency mining and trading, surprise-surprise.

Crypto tribalism shifts up a gear, with Bitcoin pioneer Adam Back lashing out at Ethereum.

The origin of the abnormal Ether transactions that paid more than $5 million in gas fees seems to be Korean “exchange” GoodCycle.

Sentencing of the lawyer who laundered $400 million for the OneCoin Ponzi scheme has again been postponed.

Top OneCoin figure Le Quoc-Hung has returned with a vengeance — using OneCoin’s channels to promote a virtually identical Ponzi scheme called OneLink.

A new Chinese Bitcoin Ponzi scheme has absorbed roughly $11 million in Bitcoin in less than one month of operating.

Top Ethereum block explorer Etherscan has launched a machine-learning based system to blacklist tokens and wallets previously associated with illicit activities.

The victims of an alleged $35 million crypto Ponzi are suing Wells Fargo for failing to enforce reporting requirements on an employee accused of co-masterminding the scam.

The alleged operators of the $722 million BitClub Network Ponzi scheme have requested their release from a New Jersey jail amid concerns over the coronavirus.

Both co-founders of an alleged Ponzi scheme called Zima Digital Assets have pleaded not guilty to operating a $9 million cryptocurrency investment fraud.

Research by U.S. think tank Atlantic Council suggests that OneCoin leveraged fake reviews on TrustPilot and Quora to lure investors.

Analysis shows bearish Bitcoin pressure may continue for the next two months if alleged ponzi PlusToken sells off what’s left of its 200k BTC war chest.

Ethereum smart contract FairWin, recently accused of being the fastest-growing Ponzi scheme on Ethereum, was emptied.

The highest gas-guzzling Ethereum contract in the industry, dubbed FairWin, is allegedly putting user funds at risk and continues to guzzle a major amount of gas on the network.

Digital currencies have seen a lot of opposition from traditional and entrenched players in the financial services sector. The latest to voice his opposition against Bitcoin is Howard Marks, The Co-Founder of Oaktree Capital Management.