Law enforcement in China busted yet another cryptocurrency scam defrauding its residents.
Twitter-based transaction monitor @whale_alert first reported PlusToken had shifted 789,525 ETH, worth more than $105 million.
OneCoin has already been identified as being nothing more than a complex Ponzi scheme and several individuals are going to see time behind bars because of their actions.
Ponzi schemes are not a new concept to the world, but they’ve become supercharged with the explosion of digital currencies in recent years.
Either because they were incompetent or untrustworthy, Farwin appears to have been running a Ponzi scheme.
The financial regulator of Mauritius has issued a fresh warning to investors, highlighting concerns over two alleged crypto Ponzi schemes in the country.
Known as PlusToken, the Ponzi scheme is reported to have caught as many as 10 million individual investors, with investment totaling $3 billion.
Harpreet Singh Sahni was arrested by India’s Special Task Force (STF) this week as he was holed up in a hotel in Delhi.
The Venezuelans are suing Argyle Coin, a cryptocurrency which purports to be backed by diamond reserves.