Cryptocoins News / Finance Magnates - 2 years ago

EmpiresX 'Head Trader' Pleads Guilty for $100M Crypto Ponzi Scheme

<p>The US Department of Justice announced on Thursday that one of the masterminds of the <a href="https://www.financemagnates.com/cryptocurrency/revolut-gains-cysecs-approval-to-offer-cryptocurrency-services/" target="_blank&q...

by COINS NEWS - 2 years ago

Florida man pleads guilty to securities fraud charge in $100 million crypto Ponzi scheme

submitted by /u/Jawnze5 [link] [comments]

by COINS NEWS - 2 years ago

Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says and has potentially been insolvent ‘since as early as 2020’

submitted by /u/marsangelo [link] [comments]

Bitcoin News / Bitcoinist - 2 years ago

Ponzi Scheme Generates $100K In Crypto Through Awareness Move

Crypto assets provide higher profits than traditional investments but with proper investment plans and actions. It is one of the areas where an investor could make over 100% gains with less stress despite the high volatility of the tokens. More peopl...

Bitcoin News / Google News Bitcoin - 2 years ago

Paul Krugman views bitcoin, crypto as useless, wasteful, Ponzi scheme - Markets Insider

Paul Krugman views bitcoin, crypto as useless, wasteful, Ponzi scheme& & Markets Insider

Bitcoin News / Bitcoin.com - 2 years ago

Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme

After reports that merchants and holders of &#x201C;Zugacoin&#x201D; cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed &#x201C;ignorant people&#x201D; of working...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

How to tell if a cryptocurrency project is a Ponzi scheme

Crypto Ponzi schemes have increased over the past couple of years. This is how to spot them. The crypto world has experienced an increase in Ponzi schemes since 2016...

by COINS NEWS - 2 years ago

Architect of The DAO leaves Ethereum after nine years, says it has turned into a circus of centralized NFTs, endless Ponzi schemes and illegal securities

Stephen Tual was one of the main designers behind The DAO in 2016. He sent an email last week to ethereum London meet-up that he is stepping down from running the meet-up and will be leaving ethereum for good. “I cannot, in good conscience, continue...

by COINS NEWS - 2 years ago

Indicted in the US for cryptocurrency Ponzi scheme, BitConnect founder now booked by Pune police

submitted by /u/Set1Less [link] [comments]

Bitcoin News / Google News Bitcoin - 2 years ago

First Mover Asia: Binance Deserves Some Criticisms, but It's Not a 'Ponzi Scheme'; Bitcoin Tumbles - CoinDesk

Good morning. Here’s what’s happening: Prices: Bitcoin suffers through another day of declines; ether falls. Insights: Binance merits some criticism, but it's not a Ponzi scheme. ●Bitcoin (BTC): $21,234 −1.8% ●Ether (ETH): $1,440 −2.0% ●S&...

Bitcoin News / Google News Bitcoin - 2 years ago

Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty – Taxes Bitcoin News - Bitcoin News

In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that i...

Bitcoin News / Bitcoin.com - 2 years ago

Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty

In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that...

by COINS NEWS - 2 years ago

Kindof seems like the most of crypto "loaning/collecting interest" was just bs to fuel ponzi schemes

I'll acknowledge that there are probably legitimate reasons why someone would put up $1500 worth of Bitcoin, as collateral, to take out a $1000 loan of ethereum. The concept never really made perfect sense to me, but I'll acknowledge there could be...

More / Bitcoin Reddit - 2 years ago

Simple explanation why Bitcoin is not a ponzi scheme

One of the arguments against bitcoin is that it is a ponzi scheme or a negative sum game that is mathematically certain to collapse once it runs out of new users because it is a non-productive asset. I think this is a misunderstanding of the underly...

by COINS NEWS - 2 years ago

Celsius called Ponzi scheme by ex-employee that has files a lawsuit

The crazy thing here is that, allegedly, things began to go wrong when the cryptos soared too high too fast: Celsius began to fall apart when the prices of digital assets, such as Ethereum and Bitcoin, soared at the start of last year. At that poin...

Cryptocoins News / EthereumWorldNews - 2 years ago

Former Asset Manager Sues Celsius, Claims “Ponzi Scheme”

An individual who worked with Celsius Network filed a lawsuit against the platform, calling it a ponzi scheme. Jason Stone is the CEO and founder of KeyFi, and said that he helped generate profit for the Celsius Network. The lawsuit adds to the al...

by COINS NEWS - 2 years ago

Former asset manager for Celsios files lawsuit alleging the company was a Ponzi scheme

Former asset manager for Celsius files lawsuit alleging the company was a Ponzi scheme Jason Stone, founder of the KeyFi company who formerly managed assets for Celsius, filed a complaint against Celsius Network in a New York court, alleging the com...

More / Bitcoin Reddit - 2 years ago

Has The FED Created a Ponzi Scheme in Housing? & Will Bitcoin Decouple From The Market When it Pops | Pantera Capital CEO Thinks So | FED Chairman Powell Says Young People Need a "Reset" in Housing... | July 1st 2022

submitted by /u/Fiach_Dubh [link] [comments]

by COINS NEWS - 2 years ago

USDD - The Next LUNA Ponzi Scheme

submitted by /u/JokerQuestion [link] [comments]

by COINS NEWS - 2 years ago

$2.3 million dollar jpeg monkeys, NBA arenas, commercials, "stable" coins, frauds, ponzi schemes, criminal indictments. Maybe a reset and a reality check is the best thing for the crypto industry.

submitted by /u/Lord-Nagafen [link] [comments]

by COINS NEWS - 2 years ago

It sucks to lose money but stop demanding govt regulations because people are greedy and pile into ponzi schemes.

The entire point is that it is decentralized. There is no central authority that can step in. The crypto solution to "who watches the watchmen" is decentralization and no central authority. There are pros and cons to that; take it or leave...

by COINS NEWS - 2 years ago

The stock market is the exact same ponzi scheme as crypto. But over there people are celebrated for cashing out other people’s money

It’s a hard pill to swallow but there is no difference in Elon cashing out billions of dollars of Tesla shares early that others put into his stocks than the people who invested into Luna. I’ll say this one more time for all the people who worship bi...

Cryptocoins News / Blockchain  - 2 years ago

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United States Commodity Futures Trading Commission (CFTC) for illegally soliciting as much as $44 million through...

Cryptocoins Exchanges / Binance - 2 years ago

The Modern Financial System is a Debt-Based Pyramid Scheme and an Investment-Based Ponzi Scheme

submitted by /u/Aggravating-Ad-160 [link] [comments]

by COINS NEWS - 2 years ago

Crypto Regulators From 5 Countries Identify A Potential $1 Billion Ponzi Scheme | Bitcoinist.com

submitted by /u/Valence00 [link] [comments]