Tag Archives: fraud

$15 billion Onecoin Ponzi scheme: The story of the ‘Cryptoqueen’, Ruja Ignatova

OneCoin

Remember the meteoric rise of FTX and Sam Bankman-Fried, the seemingly invincible king of crypto, only to witness its spectacular collapse and SBF’s downfall? Brace yourself for another tale of audacity and deceit, this time involving the infamous “Cryptoqueen”, Ruja Ignatova, and her brainchild – the elaborate Ponzi scheme that …

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Is Binance on track to become the next FTX? Unveiling potential similarities and red flags

Binance

The recent legal conviction of the founder of FTX ought to have acted as a clear signal for all individuals involved or contemplating involvement in cryptocurrency investments. Yet, as of October 2023, Binance stands as the world’s largest cryptocurrency exchange, boasting 90 million customers and managing assets totalling $72 billion. …

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