Tag Archives: Ponzi

CoinspeakerEthereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds The Blast mainnet is now live, allowing over 180,000 users to unlock about $2.3 billion worth of funds, which attracted $85m in annual yield. Ethereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds

CoinspeakerSEC Slams HyperVerse Founders for Crypto Fraud and Raising $2B in Ponzi Scheme As per the SEC, Chunga individually accumulated approximately $3.7 million from investors' funds, spending it on personal luxuries like a BMW, designer clothing, and a $1.2 million residence in Maryland. SEC Slams HyperVerse Founders for Crypto Fraud and Raising $2B in Ponzi Scheme

Four Russian nationals have recently been indicted by a federal grand jury in Oregon after they allegedly ran a crypto pyramid scheme that saw them steal close to $350 million from investors all over the world. Oregon Is Fighting a Crypto Fraud Scheme The four men initially began a crypto company they called Forsage, and trouble started in the summer of last year when a complaint was filed with the Securities and Exchange Commission (SEC) about the firm. The agency...

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Fair Win, a gambling platform built on the Ethereum network, is alleged to have several vulnerabilities that put players’ funds at risk. Philippe Castonguay, and R&D researcher at Horizon Games, comments that all respective details regarding the vulnerabilities “will be published soon.”Fair Win = Unfair LossesThe researcher refers to the gaming site as a “Ponzi scheme,” saying that players are promised serious ETH-based gains granted they play their cards right. That, right there, should...