Russia finds more 1,000 crypto pyramid schemes operating locally in 2025
The post Russia finds more 1,000 crypto pyramid schemes operating locally in 2025 appeared on BitcoinEthereumNews.com. 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 schemes. That’s almost 20% more than the total from the first six months of last year, the monetary authority announced this week. While the number of traditional pseudo-investment platforms and illegal forex dealers is shrinking, the share of fraudulent projects using crypto as either a vehicle to collect user funds or as an asset to lure investors continues to grow, the bank said in a new study. According to the latest edition of its “Combating illegal activity in the financial market” report, financial pyramids during the said period have been 1.4 times more than in H1 of 2024, and almost all operated as short-term online investment projects. More than 1,000 of these offered “fast and guaranteed” profits from investments in cryptocurrencies and other digital assets. The remaining promised quick earnings from money spent on more classic types of assets, such as precious metals, raw materials or various “innovative businesses.” 80% of pyramid schemes asked investors to send crypto The great majority of identified financial pyramids, more than 80%, suggested that participants use cryptocurrencies to transfer funds to the projects, and less than 20% offered potential victims to use foreign payment services. For comparison, 59% of such entities accepted crypto last year. The Central Bank of Russia (CBR) also registered an increase in Internet-based platforms offering opportunities to trade coins on cryptocurrency exchanges. Such…
The post Russia finds more 1,000 crypto pyramid schemes operating locally in 2025 appeared on BitcoinEthereumNews.com.
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 schemes. That’s almost 20% more than the total from the first six months of last year, the monetary authority announced this week. While the number of traditional pseudo-investment platforms and illegal forex dealers is shrinking, the share of fraudulent projects using crypto as either a vehicle to collect user funds or as an asset to lure investors continues to grow, the bank said in a new study. According to the latest edition of its “Combating illegal activity in the financial market” report, financial pyramids during the said period have been 1.4 times more than in H1 of 2024, and almost all operated as short-term online investment projects. More than 1,000 of these offered “fast and guaranteed” profits from investments in cryptocurrencies and other digital assets. The remaining promised quick earnings from money spent on more classic types of assets, such as precious metals, raw materials or various “innovative businesses.” 80% of pyramid schemes asked investors to send crypto The great majority of identified financial pyramids, more than 80%, suggested that participants use cryptocurrencies to transfer funds to the projects, and less than 20% offered potential victims to use foreign payment services. For comparison, 59% of such entities accepted crypto last year. The Central Bank of Russia (CBR) also registered an increase in Internet-based platforms offering opportunities to trade coins on cryptocurrency exchanges. Such…
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