Former California Attorney Sentenced to 5 Years Probation, Ordered to Pay $14M for Role in Crypto Ponzi Scheme
David Kagel, 86, a former California lawyer, was sentenced for defrauding investors in a crypto scam.
SEC Charges Brothers in $60M Crypto Ponzi Scheme Targeting Over 80 Investors
Given the severity of the alleged crimes, the SEC is seeking permanent injunctions, the disgorgement of ill-gotten gains with prejudgment interest, and civil penalties against the Adam brothers.
Ethereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds
By Tolu Ajiboye
The Blast mainnet is now live, allowing over 180,000 users to unlock about $2.3 billion worth of funds, which attracted $85m in annual yield.
SEC Slams HyperVerse Founders for Crypto Fraud and Raising $2B in Ponzi Scheme
As per the SEC, Chunga individually accumulated approximately $3.7 million from investors’ funds, spending it on personal luxuries like a BMW, designer clothing, and a $1.2 million residence in Maryland.
SEC Cracks Down on Elaborate Crypto Ponzi Scheme Targeting Latino Investors
By Tolu Ajiboye
The SEC has filed a complaint with a Texas court regarding the alleged facilitators of a crypto Ponzi scheme.
California State Regulator Targets 11 Crypto Firms for Running ‘Ponzi Schemes’
By Tolu Ajiboye
The California DFPI says its targets are crypto firms that misappropriated customers’ funds and also misrepresented their services.
Australians Lose More Than 242.5M AUD to Crypto and Ponzi Schemes
By Sanaa Sharma
Scammers are known to pose as imposters and make very believable cases in front of their victims.
Argentine Presidential Candidate Sued for Allegedly Promoting Crypto Ponzi Scheme
According to local media, investors are holding Milei personally responsible for their losses.
SEC Charges 11 Fraudsters in $300M Crypto Ponzi Scheme
The US SEC notes that Forsage was running a standard pyramid scheme and earned profits by recruiting others.
Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform.
Ryanair CEO Says Bitcoin Is ‘Ponzi Scheme’ that He ‘Would Never Invest In’
By Darya Rudz
O’Leary’s statement about Bitcoin being a Ponzi scheme follows a fake interview about the coin between Ryan Tubridy and Ryanair CEO on The Late Late Show.
From the Wild West of Crypto Security to Cutting-Edge Hardware Security
Hardware wallet startup NGRAVE embodies the entrepreneurial crypto journey. It incorporated a series of major technological breakthroughs into an all-in-one custody solution.
Ponzi Games on Ethereum: Tons of Money Made Out of People’s Greed
By Darya Rudz
Ethereum-based games developed by a group called Team JUST turned out to be Ponzi scams serving as an experiment to gauge how far greed can drive people.