You Searched For "crypto ponzi scheme" and got 20 results
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1 min read
Jamie Dimon calls bitcoin a 'fraud' and a 'Ponzi scheme' and says the crypto is hopeless as a currency
JPMorgan CEO Jamie Dimon just launched another scathing attack on the biggest crypto and said bitco…
Theron Mohamed
2 mins read
'O.C.' star and crypto critic Ben McKenzie tells lawmakers that the crypto market is the 'largest Ponzi scheme in history'
Crypto "may well represent a fraud at least 10 times bigger than Madoff," actor-turned-crypto criti…
Carla Mozée
1 min read
Mark Cuban to be deposed over his promotion of Voyager crypto 'Ponzi scheme' in class action lawsuit
Cuban touted Voyager on multiple occasions, previously calling the now-bankrupt crypto lender "as c…
Jennifer Sor
3 mins read
10 countries that banned cryptos calling them threats, ponzi schemes & more
As per the Law Library of Congress, a global research directorate, eight jurisdictions had an absol…
2 mins read
Founder of now-defunct BitConnect has been indicted for a $2.4 billion crypto Ponzi scheme.
BitConnect has since ceased trading and its founder, Satish Kumbhani, has been charged with a litan…
Adam Morgan McCarthy
2 mins read
Indian founder on the run in global $2.4 billion crypto ponzi scheme
A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi …
2 mins read
JPMorgan CEO Jamie Dimon slammed crypto as dangerous - and called bitcoin a Ponzi scheme
The billionaire banker argued that bitcoin and other speculative tokens don't do anything, and faci…
Theron Mohamed
1 min read
Crypto firm BKCoin hit by emergency asset freeze over alleged $100 million Ponzi scheme that paid for co-founder's rent and vacations
BKCoin's co-founder was accused of spending $371,000 of investor money to pay for vacations, sporti…
Zahra Tayeb
2 mins read
India should ban 'Ponzi' private cryptos or risk wrecking the country's financial system, a top RBI central banker has warned
Private cryptocurrencies are worse than a Ponzi scheme, and could wreck India's ability to control …
Hamza Fareed Malik
2 mins read
A former employee at bankrupt crypto-lender Celsius has sued the company, calling it a 'Ponzi scheme'
Jason Stone, the CEO of a firm that Celsius acquired, says the cryptocurrency lender failed to hedg…
Katie Canales
3 mins read
The Wonderland DeFi community is scandalized after a Twitter user outed an anonymous executive with ties to one of the largest crypto Ponzi schemes in history
Wonderland's token, TIME, plummeted to an all-time low of $335 Thursday, down from its November pea…
Phil Rosen
1 min read
A crypto trader known as 'Coin Signals' pled guilty to swindling millions from investors by promising returns of nearly 150%
To hide his trading losses, Jeremy Spence used new investor funds to pay back other investors that …
Matthew Fox
1 min read
A crypto hedge fund manager was sentenced to over 7 years in prison for running a Ponzi scheme
Stefan Qin, who lied about returns on his $90 million cryptocurrency fund and used money to fund hi…
Emily Graffeo
2 mins read
3 fake pastors made $28 million in a financial literacy Ponzi scheme called '1st Millions' and tried to scrub an online article about a previous Ponzi scheme right before they were caught: DOJ
The men frequented churches, hotel galas, and upscale events to recruit at least 1,200 victims to t…
Azmi Haroun
2 mins read
'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme: 'Who will bail out Binance?'
Economics professor Nouriel Roubini pointed out FTX itself had been bailing out struggling companie…
Zahra Tayeb
2 mins read
SEC charges 11 people for running a crypto Ponzi scheme that raised $300 million from retail investors worldwide
A defendant known as Lola Ferrari was among those who created Forsage, a website used to bilk milli…
Carla Mozée
1 min read
Brazilian police seized $28 million in bitcoin from an alleged Ponzi scheme in the country's largest crypto seizure ever
Police also arrested five individuals and confiscated 21 luxury cars and other high-value goods rel…
Emily Graffeo
2 mins read
Ponzi probe finds bankrupt crypto lender Celsius wasn't doing business the way it told customers
Court-appointed examiner Shoba Pillay said the bankrupt Celsius Network acted as the market maker f…
Ryan Hogg
3 mins read
Nobel Prize-winning economist Paul Krugman has trashed bitcoin as useless, inefficient, and largely a Ponzi scheme. Here are his 12 best quotes about crypto from the past decade.
Krugman has cautioned that bitcoin could become worthless overnight, and has slammed crypto as pred…
Theron Mohamed
2 mins read
The SEC busted a mother-son crypto Ponzi scheme that lured investors with an AI 'supercomputer' that promised 30% returns
Since May 2018, Joy Kovar, 86, and her son Brent Kovar, 54, raised more than $12 million from at le…