You Searched For "crypto ponzi scheme" and got 19 results
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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
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
'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
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
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
1 min read
Binance CEO files defamation suit against Bloomberg's Hong Kong publisher following 'Ponzi scheme' headline
Zhao also filed a motion of discovery against Bloomberg LP and Bloomberg Inc., claiming the English…
Jennifer Sor
1 min read
South African regulator says it's powerless over suspected $3.6 billion bitcoin scam, as crypto is out of its reach
South Africa's financial services watchdog said Africrypt, the company linked to the missing bitcoi…
Harry Robertson
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
The co-founder of a major crypto wallet says 'putting your money in cryptocurrencies is gambling'
Aaron Davis, co-founder of the digital wallet MetaMask, told Vice it's "extremely dangerous" to say…
Katie Canales
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
1 min read
'Dr Doom' Nouriel Roubini says 'literally 90% of crypto is a scam' and Sam Bankman-Fried and FTX are not outliers in the market
"Literally 90% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is g…
Morgan Chittum
2 mins read
Nouriel Roubini slams Binance boss CZ as a 'walking time bomb' and says crypto is totally corrupt
Roubini also bashed Shark Tank investor Kevin O'Leary, who he called "a paid hack for FTX" at an ev…
George Glover
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
1 min read
The 'head trader' of a $100 million investment fraud scheme posing as a crypto platform called EmpiresX has pleaded guilty
Joshua David Nicholas of EmpiresX pleaded guilty to conspiracy to commit securities fraud in what t…
Sam Tabahriti
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
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
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…
Isabelle Lee
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
The FBI is offering a $100,000 reward for missing Bulgarian 'Cryptoqueen' and has added her to its top 10 most-wanted list
Ruja Ignatova is wanted in connection with OneCoin, an alleged $4 billion cryptocurrency Ponzi sche…