ponzi scheme

Netflix to Premiere a Documentary Themed on the Deceased QuadrigaCX CEO

Netflix, one of the most popular video streaming platforms in the world, released a trailer of an upcoming documentary about Gerald Cotten, the CEO of the now-defunct crypto exchange QuadrigaCX who passed away under suspicious circumstances.The documentary, titled ‘Trust No One: The Hunt For The Crypto King,’ will premiere on the platform in 2022. “Follow a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them. Premieres in 2022,” Netflix commented

Defunct crypto company Bitsonar officially charged with fraud by former employee

Former project manager at now defunct crypto investing firm Bitsonar, Yaroslav Shtadchenko, has filed a complaint with the U.S Federal Bureau of Investigation (FBI) accusing his former employer at Bitsonar of fraud. The accused, Bitsonar’s founder, Alexander Tovstenko, who was also a former clerk at the Ukrainian government hired Shtadchenko in 2018 “to provide consulting services” on marketing strategy and website development, according to the document.The report further said that Shtadchenko realized that Bitsonar was a financial pyramid scheme and all its activities were aimed at attracting investments with no

Vitalik Buterin compares DeFi tokenomics to the Fed’s money printer

Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing.Yield farming - providing liquidity to earn interest in the form of tokens - has taken the crypto community by storm and sparked the DeFi boom.However, Buterin highlighted the aggressive supply inflation of many governance tokens, saying this puts downward pressure on the prices of “coins that are getting printed nonstop to pay the liquidity