pyramidscheme
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SEC Says 11 People Fooled Users Out of $AU425 Million in Crypto Pyramid Scheme
Some crypto critics like Vivaldi CEO Jon von Tetzchner have called the entire apparatus of crypto “nothing more than a pyramid scheme.” It’s an easy claim when you cite the ever-growing number of scams in the crypto scene that have cost users over $US1 ($AU1.42) billion since last year.