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Allegation: Plus Token Crypto Ponzi Scam Stole $3.2 Billion in Bitcoin & Ethereum

A little-known Chinese cryptocurrency Ponzi scheme might be cashing out billions of dollars, which was looted through a scam called “Plus Token” from people from China, Japan and South Korea.Another crypto scam has recently come into the limelight when the venture capitalist Dovey Wan tweeted about Plus Token, a failed

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Judge Approves Lead Counsel in $4B Class Action Suit Against OneCoin Crypto Ponzi Scheme

A New York’s federal judge has announced his decision of appointing Levi & Korsinsky and Silver Miller as the lead counselors of the $4 billion class action lawsuit against the cryptocurrency Ponzi scheme OneCoin, in which Donald Berdeaux was appointed as the lead plaintiff of the suit.The securities lawsuit alleges

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Justin Sun’s Failure to Distance TRON from Crypto Ponzi Scheme Cost Victims Millions

TRON CEO Justin Sun is facing backlash yet again because of his silence on a controversy as the TRON community is left to deal with the aftermath.A Ponzi scheme in China affiliated itself with TRON and robbed victims out of millions of dollars. Sun was reportedly approached to clarify TRON’s

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From ‘Ponzi’ to ‘We’re Working on It’ — BIS Chief Reverses Stance on Crypto

The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview with the Financial Times on June 30. Speaking to the publication, BIS chief Augustin Carstens actively endorsed the creation and issuance of digital versions of national fiat currencies. “Many central

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Embattled CEO of $3.8B Crypto Ponzi Scheme OneCoin Pleads Not Guilty

By CCN: Konstantin Ignatov, the CEO of the multi-billion-dollar “crypto” Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call.As CCN reported, Ignatov — a Bulgarian national — and his sister Ruja Ignatova

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Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations

By CCN: OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim.In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegationsOneCoin takes issue with news articles that were

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