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...
Tag: Scheme
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...
Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation – Bitcoin News
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of mo...
CFTC Unveils $1,700,000,000 Bitcoin Trading Scheme Allegations in Largest-Ever Charge Involving BTC
The Commodity Futures Trading Commission (CTFC) is charging a South African trading company using Bitcoin (BTC) as its base currency for allegedly running the largest-ever BTC trading scheme. Accordin...
DOJ Announces Charges Against Solana-Based NFT Developer for Alleged Rug Pull Scheme
The U.S. Department of Justice (DOJ) is pressing charges against a Solana (SOL) non-fungible token (NFT) developer who allegedly pulled the rug on investors. According to a new press release, the DOJ ...
Crypto Winter Freezes Terry’s “NFT Scheme,” Its Floor Prices Shrinks 92%
The ongoing crypto bear market shows no signs of slowing down, with its impact now spreading across many NFTs. The Ape Kids Football Club NFT collection are among the impacted NFTs, plunging more than...
CFTC Cites $1.7 Billion MLM In Its ‘Largest Fraud Scheme Case Involving Bitcoin’
The Commodity Futures Trading Commission filed a lawsuit today against Cornelius Johannes Steynberg and Mirror Trading International Proprietary Limited (MTI), charging them with fraud and registratio...
Argentina customs investigating alleged scheme involving mining hardware: Ámbito
Argentina’s customs authority is reportedly investigating an alleged scheme involving a Florida-registered company said to have overvalued 2,223 crypto mining machines imported into the country....
$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 ...
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...
Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst – Bitcoin News
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic sp...
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...
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...
private pension scheme entices Fidelity, Manulife, Invesco, Hong Kong asset managers
David Li, a mid-level executive at a wealth-management firm in Guangdong, knows he cannot rely on his basic government pension, or even on his extra personal investment in retirement insurance, to mai...
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 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...