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The caveat is that staked assets can't be withdrawn until the Blast bridge goes live in February. In the meantime, users receive "Blast points," which can be used to redeem an airdrop scheduled for May. Users can receive additional Blast points by introducing other users through unique referral links. As
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Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District Court of New York on Sept. 27 in relation to Ponzi scheme perpetrated by the IcomTech company. Ochoa was CEO of IcomTech from its founding in 2018 to 2019.According to a
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The co-founder of AirBit Club — a cryptocurrency pyramid scheme that swindled investors of over $100 million — has been sentenced to 12 years in prison for his role in a $100 million "pyramid scheme" that purported to be involved in crypto mining. The sentencing comes nearly seven months after
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In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison by US
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A pyramid scheme is a dishonest investment plan that lures people with claims of large profits, usually by recruiting new participants. Individuals involved in a pyramid scheme are required to make an initial financial investment, and rather than engaging in genuine product or service sales, their primary emphasis is
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Indian Economic Offenses Wing (EOW) revealed a crypto-related Ponzi scheme exploiting over 200,000 individuals across different states in India. According to a report by Asian News International (ANI), Solar Techno Alliance developed a digital asset
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Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report. Source
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According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities, while
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Outspoken bitcoin maximalist Max Keiser has made a controversial allegation, branding Ripple as a “Ponzi scheme,” adding that the millions of dollars spent by its CEO, Brad Garlinghouse, have failed to rescue the blockchain company. Bitcoin supporter blasts Ripple,
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Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in mid-March for bailing out Silicon Valley
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