Crypto News From Brazil: Sept. 30–Oct. 6 in Review
This week’s selected cryptocurrency news from Brazil, courtesy of Cointelegraph Brasil Go to Source Powered by WPeMatico
Pyramid Scheme
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Mob Burns Down Purported Crypto Ponzi Schemer’s House in South Africa
A mob has burned down the house of a manager at alleged Ponzi Scheme Bitcoin Wallets Go to Source Powered by WPeMatico
Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme
Six suspects in an alleged cryptocurrency scheme have been extradited to China from Vanuatu Go to Source Powered by WPeMatico
Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme
Indian authorities have arrested four people associated with KBC, a crypto allegedly at the center of a scam investment scheme Go to Source Powered by WPeMatico
Top 4 Reasons to Shun the “new” BitConnect 2.0 Exchange
In the world of cryptocurrency, there is always some sort of controversy worth keeping an eye on. While no one benefits from these dubious projects and scams, they tend to spark some interesting debates. Many people still believe BitConnect will return, albeit that seems highly unlikely. However, there is a “BitConnect 2.0 exchange” making the … Read more
Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan
Russian police have arrested the alleged creator of a Kazakh crypto pyramid scheme who confessed to illegally crossing the Russian border on horseback Go to Source Powered by WPeMatico
Brazil Shuts Down Cryptocurrency Pyramid Scheme That Defrauded 55,000 of $200 Million
Brazillian police have arrested ten people suspected of operating a cryptocurrency pyramid scheme worth 850 million reals ($210 million) Go to Source Powered by WPeMatico
Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’
On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov … Read more
Japan: Tokyo Police Arrest 8 Men Allegedly Involved in $68 Million Crypto Pyramid Scheme
Police in Tokyo arrest eight suspects that were allegedly involved in a crypto pyramid scheme that lured about $68.4 million in cash and Bitcoin from 6,000 people Go to Source Powered by WPeMatico
What Is FOMO3D?
Even though the cryptocurrency world allows for a lot of innovation, its underpinning technology is often used for the oddest ventures. In the case of FOMO3D, it is a very interesting game, although it’s also clearly a “legitimate” pyramid scheme which will cause at least one individual to lose a lot of money. The FOMO3D … Read more
