In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liq...
Tag: Ponzi
Arkansas Resident Alleges Celsius Of Running A Ponzi Scheme –
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Class Action Lawsuit Accuses Troubled Crypto Exchange Celsius of Running Like a ‘Literal’ Ponzi Scheme
The walls are closing in around one embattled crypto lending platform as a new lawsuit alleges it defrauded investors. Celsius Network, which filed for bankruptcy this week, has now also been sued wit...
Celsius ‘much like a literal Ponzi scheme’, class action suit alleges
Following its filing for bankruptcy just weeks after freezing customer withdrawals, troubled cryptocurrency lending firm Celsius Network LLC has been slapped with a proposed class action suit accusing...
Ponzi Scheme? KeFi CEO Files Lawsuit Against Crypto Broker Celsius
Celsius was described as a Ponzi scam and a fraud by its former business partner. What a statement. Let’s go… On July 7, Jason Stone, the CEO of KeyFi Inc., said that he is pursuing legal action again...
Celsius Former Employee Alleges It Of Running A Ponzi Scheme
A former employer had filed a lawsuit against Celsius for running a Ponzi scheme. The employer had put allegations of crypto market manipulation on Celsius. Celsius recently halted withdrawals d...
Celsius gets sued amidst Ponzi scheme allegations
KeyFi Inc, a DeFi staking software developing firm, has filed a lawsuit against embattled crypto lending company Celsius Network over allegations of fraud while also alleging that the firm operated in...
Former Employee Accuses Celsius of Running a Ponzi Scheme
A former employee of troubled crypto lender Celsius has launched a lawsuit accusing the company of market manipulation and risk management failures. The development comes amid a credit crisis in the c...
Celsius Possibly Used Ponzi Scheme Solution For Avoiding Liquidity Crisis
Drama around “cryptocurrency bank” Celsius is aggravating as cryptocurrency enthusiasts found out how the company fought the potential bankruptcy, and it might surprise you how simple-yet-...
Celsius is a ‘Ponzi scheme’, ex-employee alleges in a new lawsuit
Troubled crypto lending platform Celsius has been sued by a former employer accusing the company of running a Ponzi scheme resulting in freezing customer funds. Celsius former investment manager Jaso...
Celsius Slapped With Lawsuit Calling It A Ponzi Scheme
Beleaguered crypto lender Celsius was sued by a former asset manager on Thursday, who alleged that the firm was an elaborate “Ponzi Scheme.” In a court document filed in the New York state court in Ma...
KeyFi CEO Behind 0xb1 Twitter Account Sues Celsius for ‘Ponzi Scheme’
DeFi entrepreneur Jason Stone—one of the individuals behind yield farming account 0xb1 and CEO of KeyFi, Inc.—is suing crypto lending platform Celsius for allegedly refusing to honor its contract. Sto...
$4 Billion Crypto Ponzi Scheme Getting Documentary Treatment
Alex Dovbnya One of biggest cryptocurrency Ponzi schemes to date has inspired new documentary The infamous “One Coin” scam, which defrauded investors out of $4 billion, has inspired a thre...
China’s BSN Founder Not Fan of Bitcoin, Calls Crypto a Ponzi Scheme
The CEO of Blockchain-based Service Network (BSN), Yifan He in a published article noted cryptocurrencies as one of the biggest “Ponzi schemes in human history.” Yifan also acts as the CEO of Red Dat...
Virtual Currency the ‘Largest Ponzi Scheme in Human History’ – Bitcoin News
The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest...
FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’
Madoff in this scenario would be the founders of 3AC, Su Zhu and Kyle Davies, who used their reputation to “recklessly borrow from just about every institutional lender in the business,” resulting in ...
China’s BSN Founder Not Fan of Bitcoin, Calls Crypto a Ponzi Scheme
Yifan He, the CEO of Blockchain-based Service Network (BSN), published an article on June 26 referring to cryptocurrencies as the “biggest Ponzi scheme in human history.” He is also the CEO of Red Dat...
Chinese blockchain developer calls crypto a Ponzi scheme
Reuters Videos Spain shifts strategy on African migration: sources STORY: They were trying to reach Europe, and some paid with their lives.The deaths of at least 23 people as they tried to cross into ...
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a Ponzi scheme. Yifan He, CEO of ...
YouTube investigator suggests Justin Sun’s USDD could be a Ponzi scheme
Pump and dump scams and Ponzi schemes are becoming more commonplace as the cryptocurrency industry continues to expand and digital assets gain greater popularity. Notably, a new stablecoin called USD...
Elon Musk Backed Dogecoin Accused In Million Dollars Ponzi Schemes
Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE) is also becoming a favorable choice for users involved in illicit activities. Elliptic Connect has spotted incidents over the globe where DOGE toke...
Tesla CEO Elon Musk accused of Dogecoin Ponzi scheme
Tesla CEO Elon Musk is facing a new class-action suit that alleges his actions involving the meme-themed cryptocurrency Dogecoin constitute a Ponzi scheme. Keith Johnson, a US citizen, lodged the suit...
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’
A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...
India’s largest-ever crypto Ponzi scam wipes $12.8 billion from victims
As the cryptocurrency industry grows larger, malicious individuals and groups seek (and find) more opportunities to get away with other people’s digital assets, with the largest-ever crypto Ponzi scam...
Elon Musk is Sued for “Ponzi” Scheme with Dogecoin
Elon Musk is currently being sued by billionaire Investor Keith Johnson. Also in the firing line are Musk’s companies SpaceX and Tesla. Johnson is suing Musk for $258 million for allegedly backing a p...
The future of fitness might be a Ponzi scheme
Move-to-earn is the controversial concept behind fitness in the metaverse Asics are NFTs that grant access to an invitation-only digital exercise space Thousands of dollars on digital shoes might soun...
Virtual Ponzi Scheme Implodes – Cryptocurrency Masterminds Are Missing
Virtual implosion getty The virtual investment promises were compelling: High return, no inflation risk, complete safety, absolute privacy, and immediately transferable to anywhere. Moreover, there wa...
Luiz Capuci Jr. Indicted for Alleged Role in Florida Crypto Ponzi Scheme
Luiz Capuci Jr. – the CEO of Mining Capital Coin – has been indicted by the United States Justice Department for allegedly engaging in a global crypto-based Ponzi scheme that made off with more than $...
What would be your opinion about whether Cryptocurrency is a Ponzi Scheme?
Since the emergence of cryptocurrencies, there have been people who either like digital assets or are critics of this asset class; both have their own specific reasons Cryptocurrencies have brought re...
CFTC Charges Illinois and Oregon Residents in Alleged $44,000,000 Crypto Ponzi Scheme
The Commodities Futures Trading Commission (CTFC) is announcing charges against two US residents alleging that they were behind a multi-million-dollar crypto Ponzi scheme. According to a press release...
CFTC charges two men with $44 million cryptocurrency ‘Ponzi scheme’
The Commodity Futures Trading Commission (CFTC) on Thursday charged two US residents with fraud “akin to a Ponzi scheme” in soliciting about $44 million from at least 170 investors through a website a...