1 / 2 Relevant items tagged with #PonziScheme

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Over $4 Billion Moved by Cryptocurrency Scams in Paraguay

[Apr 18 5:30 AM] Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024. Alarcon stated that middlemen help these platforms thrive, as…

The Bitcoin Ponzi Scheme Paradox

[May 16, 2024 3:12 PM] "Ponzi scheme" has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label…