Tag: Pyramid Scheme

HEX Founder Richard Heart may be Recycling Funds From Ethereum Investors

The HEX project has had a very bad reputation since day one. It now appears that more evidence comes to light to put it in a bad spotlight. On Reddit, one user claims how HEX founder Richard heart is recycling funds. The HEX Saga Continues This is done to keep the token price afloat after it has collapsed entirely.  It would certainly not be the first project to resort to …
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Top 4 Reasons to Shun the “new” BitConnect 2.0 Exchange

In the world of cryptocurrency, there is always some sort of controversy worth keeping an eye on. While no one benefits from these dubious projects and scams, they tend to spark some interesting debates. Many people still believe BitConnect will return, albeit that seems highly unlikely. However, there is a “BitConnect 2.0 exchange” making the rounds, which is something users need to be aware of at all times. Not the …
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Dutch Teacher Fired for Shilling OneCoin to Students

Even though most cryptocurrency users have all but forgotten about OneCoin by now, that doesn’t apply to everyone. Last month, a court case in the Netherlands documented how a teacher had pressured students into buying into this pyramid scheme. While greed brings out the worst in people more often than not, it is very disturbing when teachers take this route. The OneCoin Saga Continues It has become more than apparent …
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Philippines Probes Potential Pyramid Scheme

It has been a while since we last saw any major developments in the Philippines cryptocurrency industry. Although crypto is still very popular in the Philippines, it has become evident that criminals are also paying closer attention to this ecosystem. Justice Secretary Vitaliano Aguirre II wants to investigate one cryptocurrency company falsely claiming to have partnered with the country’s senate. Malicious Crypto Companies are popping up Everywhere It is not entirely surprising to see some shady …
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