You Searched For "crypto ponzi scheme" and got 20 results
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5 mins read
Here's how an accused crypto fraudster known as the 'CryptoQueen' allegedly started a $4 billion Ponzi scheme and went on the run with 230,000 bitcoin
Ruja Ignatova, the cofounder of the now-defunct OneCoin, is wanted by the FBI for allegedly running…
Will Daniel
3 mins read
Nobel laureate Paul Krugman has slammed bitcoin as pointless, wasteful, and in large part a Ponzi scheme. Here are the economist's 12 best quotes about crypto over the past decade.
Krugman has warned that bitcoin could become worthless overnight, and has blasted crypto as predato…
Theron Mohamed
3 mins read
US regulator SEC sues five Bitconnect promoters in a $2 billion crypto trading Ponzi scheme
After three years of investigations, the US Securities and Exchange Commission (SEC) has sued fi…
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
2 mins read
Any action on crypto assets will have to be global: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said that there was a greater acceptance among G20 members that…
ANI
2 mins read
Mozilla cofounder accuses the internet browser company of partnering with 'planet-incinerating Ponzi gifters' by accepting crypto donations
Jamie Zawinski tweeted "f--- you and f--- this" at Mozilla's announcement about the donations, sayi…
Katie Canales
1 min read
Short seller Jim Chanos slams Michael Lewis' defense of FTX and compares the failed crypto exchange to Enron
Lewis told CBS that FTX only failed because of a bank run. "This was literally Enron's defense," Ch…
George Glover
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
1 min read
'Black Swan' author Nassim Taleb says bitcoin is an open Ponzi scheme and a failed currency
Some view the cryptocurrency as a hedge against inflation, though Taleb says the coin has no connec…
Isabelle Lee
3 mins read
Crypto lender Celsius is freezing withdrawals - after its founder promised to reinvent the financial system and never act like a traditional bank
Celsius froze withdrawals and transfers just a month after Terra's luna token crashed to zero, cont…
George Glover
1 min read
Tom Brady reportedly lost a staggering $30 million in the crypto crash — and could be losing even more in the coming months
Tom Brady lost millions in his crypto crash with FTX and received stock that is now essentially wor…
Meredith Cash
3 mins read
Fear not, bitcoin bulls — the current rout will weed out the solid crypto operators from the weak ones. 3 experts explain how
Two crypto routs and insolvency worries pertaining to crypto funds including Three Arrows and Celsi…
Zahra Tayeb
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
3 mins read
WazirX receives 1023 requests for data from law enforcement in October-March 2022
WazirX receives almost three times more requests for data from law enforcement in October-March 202…
1 min read
The 'mother of all moral hazards': economist Nouriel Roubini cheers the demise of banks with ties to the crypto industry
The economist said the government's decision to backstop losses for Signature Bank was akin to "rew…
Morgan Chittum
2 mins read
Crypto lender Celsius hires lawyers to help it restructure its finances, after it froze withdrawals of customer deposits: report
Celsius' customers have reportedly withdrawn more than $2.5 billion in assets this year as crypto p…
Zahra Tayeb
3 mins read
Crypto lender Celsius pauses account withdrawals and transfers as digital tokens plummet across the board
"We are taking this necessary action for the benefit of our entire community in order to stabilize …
Zahra Tayeb
1 min read
Two men arrested in Estonia for $575 million cryptocurrency laundering scheme
The indictment comes at a volatile moment for the crypto industry, as the market has plummeted and …
Kieran Press-Reynolds
4 mins read
Common crypto scams you should know about before diving into the crypto market
Crypto scams can be as simple as phishing and fake websites, or more complex like NFT rug pulls.Cry…
1 min read
'Dr. Doom' economist Nouriel Roubini says the crypto industry is a 'total criminal enterprise' riddled with market manipulation
Nouriel Roubini took another jab at the crypto space on Twitter this week. "Constant market manipul…