Regarding this issue, we take the largest case in the currency circle, PlusToken: the 40 billion virtual currency pyramid scheme case, as an example to analyze the compliance points that chain game platforms need to pay attention to during the operation process.
JinseFinanceOne of the risks that Web3 games may involve is pyramid schemes. How can practitioners avoid MLM risks?
JinseFinanceThe Santa Catarina Judiciary in Brazil has frozen $5.6 million in assets linked to an NFT pyramid scheme. Victims, reporting losses over $3.9 million, were enticed with promises of up to 20% monthly returns. Operation 'Cripto X' revealed the scheme's depth, prompting civil and criminal actions against eight individuals and 14 companies. The freezing of assets aims to compensate victims as the scheme collapsed due to liquidity issues and challenges in repatriating funds.
JixuMost of the ten under arrest were citizens of the Russian Federation.
BeincryptoA BBC report says that new transparency requirements in the UK show that Ruja Ignatova is the owner of a plush penthouse property in London that was listed for sale.
dailyhodlFrancisley Valdevino da Silva, known as the "cryptocurrency sheik," has 20 seizure warrants against him.
CoindeskAccording to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been ...
BitcoinistSEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme”
CointelegraphThe cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs' network token Terra (LUNA) and stablecoin ...
BitcoinistBitcoinist