Pyramid schemes in Russia increasingly rely on crypto, with 80% of scams operating online and two-thirds using crypto wallets ...
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Pyramid schemes promoted as crypto brokers fold with almost $13M of Russians funds on average
Russian organizers of financial pyramid schemes are now often pretending to be brokers offering victims to earn money on investments in crypto and traditional assets. Sberbank, Russia’s largest ...
Russians sent crypto to 4,600 fraudster-held crypto wallets in 2025. Most pyramid scheme operators now use crypto, Moscow ...
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