Two men being detained in connection with an alleged $722 million BitClub digital currency fraud have asked to be released from prison.
John Caruso and Zachary Salter have been accused of running a crypto scam responsible for defrauding some $9 million from its customers.
Victims of the Dunamiscoins cryptocurrency scam have turned to the Ugandan Parliament for help to get their lost money back.
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.