Business 30 May 2018

$47M blockchain pyramid scam busted in China

The group allegedly played on the hype surrounding cryptocurrencies to lure in potential victims, anxious to invest in blockchain technology.

Business 20 April 2018

Yet another crypto pyramid scam reaped $20B in South Korea: report

An Incheon District Court judge has fined two men accused of using a pyramid scheme involving fake virtual currencies to reap $20 billion from South Korean investors.

Business 19 April 2018

Arrests made in $13M Chinese crypto pyramid scam

Authorities in China have arrested four people in the city of Xi’an in connection with a suspected cryptocurrency pyramid scheme, according to local media reports.

Business 27 February 2018

The USI Tech conundrum—is it a pyramid scam or not?

One of the schemes that has had quite a bad press is the one run by Dubai-based USI Tech, which has already abandoned operations in the U.S. and Canada.