Indian Finance Ministry: Cryptocurrencies Are ‘Like Ponzi Schemes’
The India government doubled down its skepticism over cryptocurrencies, calling them like "Ponzi Schemes."
The U.S. Securities and Exchange Commission has taken action over what it alleges is a $30 million crypto scam based on supposed diamond investment.
The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.
U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.
Two dapps on ethereum that bear all the hallmarks of Ponzi schemes are the most popular games on the site now.