Survey shows Eastern European victims sent $815M to Ponzis and scams in the past year
Fraudulent transfers from Eastern Europe to illicit destinations account for the vast majority of monies routed to unlawful destinations in the region. Following a recent study, it was shown that Eastern Europe continues to be a significant source of illicit activity in the cryptocurrency industry, both from victims of scams as well as from users […]
Investigation into Russian Crypto-Ponzi founders continue
The Russian police have placed three co-founders of Finiko a financial organization that reportedly scammed over 100 investors in July on a wanted list. Approximately 100 investors reported the financial organization Finiko to the police in July. These declarations revealed financial losses in the millions of rubles. According to some estimates, the amount might be […]
Minneapolis Fed President calls DOGE a Ponzi: Joke or Not?
The central banker, Neel Kashkari previously referred to cryptocurrencies as a “giant garbage dumpster”, this time Dogecoin is the target. Neel Kashkari, chairman of the Federal Reserve Bank of Minneapolis, attacked Dogecoin (DOGE) last week, calling the meme coin a Ponzi scheme, adding to his comments on cryptocurrencies. Kashkari’s comments are in response to a […]