Bank of Russia recorded an increase in the number of crypto Ponzi schemes
In the first quarter of 2022, more than 58% out of the total number of identified schemes are related to digital assets, according to the Central Bank’s representative Valery Lyakh
05.05.2022 - 13:10
493
1 min
0
What’s new? In the first quarter of 2022, out of the total number of Ponzi schemes detected in Russia, more than 58% were cryptocurrency-related. According to the Director of the Bank of Russia’s Department for Countering Misconduct, Valery Lyakh, amid financial uncertainty strategies based on investments in allegedly “digital instruments” have gained a new impetus for development. He spoke about this in an interview with TASS.
Information on the TASS website
What else does Lyakh say? According to him, scammers take advantage of the current information agenda by creating financial pyramid schemes. Lyakh added:
“For example, amid financial uncertainties, calls to “save money” in foreign jurisdictions are popular: to invest in a foreign project, in foreign securities. There have been such proposals before, but now scammers are framing them with sanctions topics.”
The director of the department added that restrictions related to international settlements have become a “thing” for scammers. Lyakh believes that they can persuade a person to transfer money to a personal account of an intermediary individual by a phone number.
What events happened before? At the end of March, the Federal Security Service (FSB) officers detained suspects in the organization of a crypto Ponzi scheme. The law enforcers estimated the preliminary amount of damage to be 1 billion Russian rubles. The participants of the pyramid were promised 500% per annum for investing in digital assets
Useful material?
Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025