Ponzi scheme

Battle Brews Over $6B Bitcoin Stash Seized From Chinese Bitcoin Ponzi Scheme

October 14, 2025

Chinese investors defrauded in a $6B Bitcoin Ponzi scheme face legal hurdles recovering funds after the UK seized 61,000 BTC, now worth $7.4B. Courts may limit payouts to initial investments, and many victims struggle with digital finance, complicating claims. The case could influence future

Bitcoin·Community·Security

CEO Admits $200M Bitcoin Ponzi Scheme, Spent Millions on Cars and Mansions

September 19, 2025

Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), ran a $200M Bitcoin Ponzi scheme that defrauded over 90,000 investors. He misled clients with fake trading returns, manipulated an online portal to show profits, and spent millions on luxury cars, homes, and personal expenses. Palafox has pleaded guilty to wire fraud and money laundering.

October 10, 2024

PlusToken ETH Distribution Unveils New Obfuscation Pattern Ahead of Full Sale?

With 7,000 ETH sent to exchanges in the last 24 hours, a