Latest Posts with Ponzi and Pyramid Schemes tag

Ponzi and Pyramid Schemes

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How I've lost $2350 (11K BRL) with AMPL (Ampleforth)

30 Jul 2020 2 minute read 5 comments Daniell Mesquita

I had my first Bitcoin in the mid of 2016. Nearly all my investment in bounty campaigns and Ethereum ICOs were a success. My only losses were in foreign blockchains I didn't knew much, such as a token Waves blockchain. There were also small losses in...

$ 1.4 billion in "dirty" cryptocurrency entered the exchanges in 2020

17 Jul 2020 1 minute read 1 comment Kluma

Bitcoin, Ethereum and other digital assets seen in pyramid schemes, hacks, and other illegal activities have ended up on leading exchanges such as Coinbase and Huobi. Another $ 1.6 billion is in mixers and can be laundered in the same wayIn 2020, mor...

Two OneCoin Pyramid Promoters Found Dead in Mexico

14 Jul 2020 1 minute read 1 comment Kluma

Two men involved in the promotion of the OneCoin cryptocurrency pyramid in the Latin American region were found murdered in Mexico. This was reported by the local publication Latercera . At the end of 2017, Oscar Brito Ibarra joined OneCoin and began...

Scam of the day - 3.2 billions Euro Ponzi scheme related to Crypto.com

27 Jun 2020 4 minute read 7 comments Heruvim78

  In a strange turn of events, a very reputable (until now) payment processor from Germany, Wirecard, just filed for insolvency in the middle of a huge scandal involving a 3.2 billions Euro debts owed to their creditors. Founded in 1999, Munich-based...

Nuriel Roubini: billions of dollars are deposited daily with bitcoin scammers

16 Jun 2020 1 minute read 0 comments Kluma

Nuriel Roubini, an economist and well-known critic of bitcoin, expressed confidence that the cryptocurrency market is full of fraudulent schemes, due to which users "lose billions of dollars daily." Commenting on the story of Eric Saviks, the leading...

Ontario Securities Commission: “QuadrigaCX was a pyramid”

13 Jun 2020 1 minute read 0 comments Kluma

    The Ontario Securities Commission (OSC) said the QuadrigaCX cryptocurrency exchange, which closed last year, was a pyramid and its founder a fraudster. The Canadian provincial regulator claims that the QuadrigaCX cryptocurrency exchange, w...

PSA: The difference between affiliate/referral programs and pyramid schemes!!!

10 Jun 2020 2 minute read 0 comments tipplenurkey

So, since I put up my website, I've been trying as hard as I can to promote it and get people to start earning using my referral links.  Obviously, I want referrals so I can make more money.  I have occasionally been accused of promoting pyramid sche...

News just in: KickEX CEO gives more information on how KICK is a shitcoin

3 Jun 2020 3 minute read 0 comments X-51

I don't usually post about regular crypto stuff, so don't expect my usual review format. But sometimes I see something that is just too good not to mention!   Many of you will have heard about Kick, either through the unwanted coins that miraculously...

Bitcoin Era - A Trading Gem To Make You Rich, or The Next Bitconnect?!

18 May 2020 4 minute read 15 comments acesontop

A few hours ago a friend of mine who lives in a country other than me, called me, being initiated into the crypto world by me, now asking me if I heard of Bitcoin Era . I said no, and asked him what it was. The answer was that he doesn't know, but th...

HEX, the Next Bitconnect, Nears $1B Market Cap

15 May 2020 1 minute read 20 comments Abhi K

Cryptocurrency project HEX, which has been denounced by some in the cryptocommunity, has experienced a sudden surge in its market cap. The project and its founder, Richard Heart, have been on the receiving end of a large amount of criticism, and the...