Ponzi scheme
StepN Co-Founder Addresses Concerns Over Hit 'Move-to-Earn' NFT Game
StepN Co-Founder Yawn Rong shares insights into the pitch and concept for Stepn, the new Solana-based move-to-earn game that lets users buy and trade NFT sneakers, and rewards them for walking or running in the real world. Plus, addressing concerns the game is a "ponzi scheme" and its plans to effectively ban gameplay in China this July.
Is Crypto a Ponzi Scheme?
In December, Robert McCauley, an economist at Boston University, wrote an op-ed stating, “Bitcoin is worse than a Madoff-style Ponzi scheme.” “The Hash” group breaks down the implications of a corresponding CoinDesk opinion piece that questions whether crypto truly is a scam and a Ponzi scheme.
SEC Secures Judgments Against 3 in Bitconnect Scam
One individual must pay more than $3 million and hand over a wallet containing 190 bitcoins.
SEC Charge Mother-Son Duo for Alleged Crypto ‘Supercomputer’ Ponzi Scheme
The agency said the pair raised over $12 million from investors by promising above-average returns.
Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations
Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain.
OneCoin Founder's Brother Faces 90-Year Jail Term After Plea Deal
The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.
CFTC Takes Action Against Crypto Options 'Ponzi Scheme'
Purported crypto and forex investment firm Circle Society is accused by the CFTC of operating like a Ponzi scheme.
