Former rugby player sentenced for $900,000 crypto Ponzi
Former rugby player Shane Donovan Moore was sentenced to two-and-a-half years in a US federal prison for defrauding more than...
Ponzi
SEC charges Georgia’s First Liberty Building & Loan and owner in $140M Ponzi scheme
The U.S. Securities and Exchange Commission (SEC) has filed civil charges and sought an emergency asset freeze against First Liberty...
Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines
The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that...
Hedge Fund Legend Lambasts Bitcoiners as ‘Ponzi Cultists’
Legendary hedge fund manager Cliff Asness recently amplified his criticism of Bitcoin advocates, slamming them as "Ponzi cultists" in his...
SEC Drops the Hammer on $198 Million Crypto Ponzi Scheme
The US Securities and Exchange Commission (SEC) charged Ramil Palafox, the founder of the crypto company PGI Global, with orchestrating...
Brazilian Crypto Ponzi Scheme Mastermind Sentenced To Record 128 Years In Prison
This verdict underscores Brazil's intensifying crackdown on crypto-related fraud. Braiscompany, which is said to have been operating from 2018 to...
Estonia or prison? Feds confuse the case of crypto Ponzi schemers
The U.S. Department of Homeland Security last week sent a letter to two Estonian men telling them to leave the...
Nigerian investors blindsided by massive CBEX Ponzi scheme
Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme.Early...
Bigcoin mining game faces Ponzi allegations amid token price swings
This is a segment from The Drop newsletter. To read full editions, subscribe. Abstract, the Ethereum L2 blockchain that claims...
Bitcoin’s first Ponzi scheme would be worth $16B today
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Bitcoin’s first Ponzi scheme was nothing...