Ponzi Games Are Breaking Out on the Ethereum Blockchain
Two dapps on ethereum that bear all the hallmarks of Ponzi schemes are the most popular games on the site now.
U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
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 CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.
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.
Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.