US DOJ Charges Mining Capital Coin CEO for Allegedly Running a $62M Crypto Fraud

The CEO of Mining Capital Coin has been indicted for operating a crypto pyramid scheme that stole over $60 million from investors.

Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko.

Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme

Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users.

Chinese Police Cracked a $16 Million Crypto Pyramid Scheme: Report

The Shanghai authorities busted a crypto pyramid scheme that stole almost $16 million from victims, reads a new report.

Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme

Chinese police officers, specifically those operating from the Pingchuan Branch of the Public Security Bureau of Baiyin City, Gansu Province have cracked a case involving a pyramid scheme that was built around the XRP digital currency.

Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million

Karl Sebastian Greenwood, one of the masterminds behind the Onecoin pyramid scheme, recently used a contraband mobile phone to move at least $20 million while holed up in a prison in the United States, an attorney for one of the scheme’s victims has said.

Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors.

Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation

A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country.

Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia.

Aussie firm to launch $100M class action over dodgy QOIN token

The issuers of the Australian token QOIN are set to face a $100 million lawsuit accusing them of pyramid selling and fraud. The issuer of a controversial cryptocurrency that can only be sold in batches of $125 daily on a single exchange is facing pushback from an Australian law firm.Queensland-based law firm Salerno Law plans to file a lawsuit accusing BPS Financial Limited — the company behind the QOIN token — of engaging in misleading and deceptive conduct, pyramid selling of financial products, and failing to comply with financial services regulations.

Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals

Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates.

Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils

Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm.

Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko

The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates.

Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man

A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko.

Russian Court Confirms Arrest Warrants for 3 Finiko Founders

Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid.

Russian Central Bank Tells Domestic Banks to Block Crypto Exchange Transactions

gal business activities” such as “cryptocurrency exchanges,” which it clumped together in the same group as “online casinos and lotteries,” “financial pyramid schemes” and forex dealers.The central bank said it wanted domestic financial institutions to “block transactions” and “completely sto...

Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid

Law enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko.

Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan

A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan.

Alleged BTC Ponzi Scheme Mastermind Disappears With $6,000,000 of Investors’ Funds

An alleged Bitcoin pyramid scheme has collapsed while the mastermind behind it has disappeared with over $6 million of investors’ funds.

Mastermind of Zimbabwean Bitcoin Pyramid Scheme Vanishes With $6 Million

Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds.

Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals

Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report.