Russia finds more 1,000 crypto pyramid schemes operating locally in 2025

Description

Regulators in Russia have identified more than 1,000 pyramid schemes offering quick returns on cryptocurrency investments in the first half of the year. The data comes against the backdrop of a significant increase in the number of fraudulent projects in the financial market registered by the Russian central bank. 1,000 crypto pyramids scam Russians in 2025 Between January and June, the Bank of Russia has found 4,183 entities showing signs of illegal financial activities, including many pyramid ...