Investors are losing big in Bitcoin scams – Wall Street Journal

South Africans are reeling from a $50 million Bitcoin scam that caught investors from SA to the USA. Although the investigation is ongoing, it seems that the scam may be a Ponzi scheme, in which new investors’ money was used to pay off earlier investors.

Let’s block ads! (Why?)

Source link

Previous Mr. and Mrs. Blockchain, Traveling
Next Founder of defunct bitcoin exchange has a trail of lawsuits, judgments and at least one unpaid lawyer