Advertisement     Like any financial system, the crypto space has its fair share of scams and pyramid schemes. Amidst the growing adoption and emergence of more of the...
Tag: pyramid
U.S. SEC Charges Forsage Founders for $300M Crypto Pyramid Scheme
The United States Securities and Exchange Commission (SEC) announced Monday that it had filed charges against four individuals alleged to be the founders of Forsage. The securities market regulator al...
SEC Charges Group Behind $300M “Crypto Pyramid Scheme”
Key Takeaways The SEC announced today it was bringing charges against 11 individuals for their role in founding and promoting Forsage, which the agency claims is a crypto pyramid and Ponzi scheme that...
SEC Charges 11 in Alleged $300M Crypto Pyramid Scheme Forsage
Founders of the alleged scheme were last known to be living in Russia, Indonesia and the Republic of Georgia Fraudsters cannot circumvent securities laws by focusing their schemes on smart contracts a...
Berkeley professor slams crypto as a ‘pyramid scheme’ designed for criminals
As the cryptocurrency industry continues trying to recover from a long period of extreme bearishness, it has no lack of loud supporters and critics alike, including Dr. Nicholas Weaver of The Universi...
Dogecoin Founder: If DOGE Is A Pyramid Scheme Then Same Description Apply to the Entire Financial Market
– Advertisement – Marcus has reacted to the $258 billion lawsuits filed against Elon Musk for promoting the cryptocurrency. Billy Marcus, the co-founder of the popular memcoin project Doge...
“Dogecoin Pyramid Scheme”: Elon Musk Sued For $258B
Billionaire CEO Elon Musk has been sued for $258 billion by a disgruntled investor over alleged claims of running a pyramid scheme for Dogecoin. DOGE Love Or “Pyramid Scheme”? Elon Musk has been qui...
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 ...
Investor Sues Elon Musk, Tesla and SpaceX for $258,000,000,000 Over Alleged ‘Dogecoin Pyramid Scheme’
A disgruntled investor is suing Elon Musk and his companies Tesla and SpaceX for a whopping $258 billion, claiming they propped up a “crypto pyramid scheme” with their support for Dogecoin (DOGE). Kei...
Is Dogecoin a pyramid scheme? What we know so far as Elon Musk faces $258B lawsuit
Elon Musk has been sued for $258 billion in a lawsuit filed in New York on Thursday. The plaintiff, Keith Johnson, has also included Musk’s companies Tesla and SpaceX, for which the world’s richest pe...
Elon Musk, Tesla, SpaceX, Face Lawsuit for Allegedly Running Dogecoin Pyramid Scheme
Elon Musk and his two major companies are facing a lawsuit from an aggrieved Dogecoin investor who claims Musk cost him several billion dollars. Elon Musk, alongside Tesla (NASDAQ: TSLA) and SpaceX, w...
Musk, SpaceX, Tesla Sued for Alleged DOGE Pyramid Scheme
Popular investor and business magnate Elon Musk, along with SpaceX and Tesla, were recently sued on Thursday for $258 billion by a DOGE investor, Keith Johnson. He accused Musk of running a pyramid sc...
Elon Musk, Tesla, SpaceX Sued for $258 Billion Dogecoin ‘Pyramid Scheme’
Is Elon Musk’s promotion of Dogecoin coming back to bite him? The billionaire and his companies are now being sued for $258 billion for engaging in a so-called “crypto pyramid scheme” by way of the me...
Elon Musk, SpaceX and Tesla are facing $258 billion lawsuit for promoting Dogecoin “pyramid scheme”
? Want to work with us? CryptoSlate is hiring for a handful of positions! Elon Musk is facing a colossal lawsuit that alleges that he, as well as his companies, Tesla and SpaceX, were “engaged in a cr...
Elon Musk, SpaceX And Tesla Sued For $258 Billion In Alleged Dogecoin ‘Pyramid Scheme’
Topline Elon Musk, SpaceX and Tesla were sued in federal court Thursday over claims that Musk directly “manipulated” the price of Dogecoin in a deliberate “crypto pyramid scheme” conducted over Twitte...
Elon Musk Part Of Dogecoin Pyramid Scheme? Lawsuit Says So
Elon Musk has been a fierce Dogecoin (DOGE) proponent for several years. The Tesla and SpaceX CEO has publicly stated his support for the cryptocurrency allegedly because of its features and capacity ...
IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
While the heat with respect to the Terra protocol collapse is cooling off, global experts, including the International Monetary Fund (IMF) Managing Director Kristalina Georgieva waded in to express he...
Pyramid Partners With BSCLaunch for Joint Promotion
Pyramid and BSCLaunch have entered into a strategic partnership, agreeing to jointly promote PyramidWalk through cross-markets, IDO on BSCLaunch, and expand the community. The strategic partnership is...
Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says
The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of a...
Billionaire Bill Ackman Calls Terra a ‘Crypto Version of a Pyramid Scheme’
Billionaire investor Bill Ackman expressed his views on the collapse of the Terra ecosystem, calling it “the crypto version of a pyramid scheme.” “Investors were promised 20% returns backed by a toke...
Terra Like A Crypto “Pyramid Scheme,” Says Activist Investor Bill Ackman
Activist investor Bill Ackman weighed in on the recent Terra crisis, calling the protocol a crypto version of a pyramid scheme. Ackman’s comments come in wake of the Terra blockchain losing most of it...
Cryptocurrency: Pyramid Scheme v.s Ponzi Scheme?
– Advertisement – Have you ever heard your friends or relatives say they fell for a Ponzi scheme? It can be traced back to the early 20th century; however, it still exists today. In fact, ...
Crypto Pyramid Scam: DOJ Charges Mining Capital Coin CEO In $62M Fraud Scheme
The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unna...
Another 6 Members of Finiko Crypto Pyramid Arrested in Russia – Bitcoin News
Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted doze...
Over $10 million worth Crypto Pyramid Scheme busted in Russia
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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million – Bitcoin News
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar pro...
Shanghai Crypto Pyramid Scheme With Over 60,000 Victims Busted ⋆ ZyCrypto
Advertisement     Key Takeaways Law enforcement agencies in Shanghai have infiltrated a crypto pyramid scheme. The scheme involved over 60,000 victims and 100 million ...
Chinese Police Cracked a $16 Million Crypto Pyramid Scheme: Report
The Shanghai Public Security Bureau and the Yangpu Public Security Bureau conducted a joint investigation on pyramid schemes using cryptocurrencies. Shortly after, the authorities busted an online pla...
Shanghai police bust $16 million crypto pyramid scheme
TL;DR Breakdown Shanghai police have busted a $16 million cryptocurrency pyramid scheme. The scheme was operated by a group of online scammers. The scammers lured people in with the promise of high re...
Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme
Chinese police officers, specifically those operating from the Pingchuan Branch of the Public Security Bureau of Baiyin City, Gansu Province have cracked a case involving a pyramid scheme that was bui...