Robert Kiyosaki stirs debate with Bitcoin ponzi scheme concerns
In a recent statement on X, a popular social media platform, Robert Kiyosaki, the investment guru behind “Rich Dad, Poor Dad,” expressed concerns over Bitcoin. He mentioned the possibility of Bitcoin being a scam and a Ponzi scheme. His comments have sparked a discussion among investors and cryptocurrency enthusiasts. Despite these concerns, Kiyosaki did not […]
Canadian regulator accuses Einstein crypto exchange of fraud
In a significant development within the cryptocurrency sector, the British Columbia Securities Commission (BCSC) has accused the now-defunct Einstein Exchange of operating as a Ponzi scheme following its insolvency in 2018. This announcement brings to light the precarious nature of the operations behind the Canadian cryptocurrency trading platform, which had promised to offer a reliable […]
Blast founder defends platform against ponzi scheme claims
Tieshun Roquerre, the founder of the newly launched cryptocurrency platform Blast, has recently addressed several misconceptions surrounding the project. In a detailed statement, Roquerre sought to clarify comparisons of Blast to a Ponzi scheme, a claim he firmly denies. He emphasized that Blast’s high yields, ranging from 4 to 5%, are sourced from reputable platforms […]
Luxor denies allegations of its Bitcoin hash rate-backed products being a “Ponzi Scheme”
Recent reports addressed by the Luxor Technology executives emphasized their Bitcoin hash rate-backed product. The company stated that the returns noted are not from a pixie dust Ponzi scheme, shutting down all rumors of the company being related to illegal activities. Such incidents have flooded the crypto space in the past half-decade, but this new […]
Indian EOW exposes $120 million crypto Ponzi scheme, arrests made
The Economic Offences Wing (EOW) of the Odisha police in India took decisive action against a cryptocurrency-centered Ponzi scheme exceeding Rs 1000 crore($120 million) in value. As per a regional news source report, Gurtej Singh Sidhu and Nirod Das have been arrested for their participation in this deceitful venture. The disclosed information indicates that STA […]
Forsage founders face charges in multi-million dollar Ponzi Scheme
The founders of Forsage, a decentralized finance (DeFi) cryptocurrency investment platform, have been charged with running a global Ponzi and pyramid scheme that raised approximately $340 million from victim investors. The indictment was handed down by a federal grand jury in the District of Oregon and charged Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey […]
