Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of …
Ponzi
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Finance
Strategy introduced a new perpetual called Stride (STRD). Some call it genius, others say it has ‘Ponzi vibes’
by shayaanby shayaanOn June 3, 2025, Strategy (formerly known as MicroStrategy) introduced a new perpetual called Stride (STRD). The stock will allow investors to …
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Scams
This Week in Crypto Games: Solana Game Pass, ‘Ponzi’ Games Pop, SEC and CyberKongz
by shayaanby shayaanThe crypto gaming space is ever expanding, and with prominent games releasing, token airdrops piling up, and the constant shifting of the …
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Markets
Leaders of $190M Brazilian Crypto Ponzi Scheme Sentenced to Over 170 Years in Prison
by shayaanby shayaanA Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one …
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Regulation
Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison
by shayaanby shayaanThe Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified …
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Regulation
Braiscompany $190,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report
by shayaanby shayaanThe leaders of a Brazilian crypto Ponzi scheme have reportedly been handed a combined sentence of over 170 years behind bars. According …
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In brief Three men in Brazil were sentenced to a combined 170 years in prison this week over a Bitcoin investment scheme …
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Regulation
HashFlare Ponzi Duo Ordered to Leave US by DHS—Despite Court Order to Stay
by shayaanby shayaanSergei Potapenko and Ivan Turõgin, the Estonian co-founders of the defunct crypto mining firm HashFlare, claim that they have been ordered to …
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This is a segment from The Drop newsletter. To read full editions, subscribe. Abstract, the Ethereum L2 blockchain that claims it’s “leading …
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Markets
South Korean Trio Jailed for Crypto Ponzi Scheme Promising 30% Monthly Returns
by shayaanby shayaanA South Korean court has sentenced three members of a crypto scam ring to prison for deceiving investors out of 610 million …