Forsage Founders Indicted in $340M DeFi Ponzi Scheme

• U.S. Division of Justice charged 4 Russian people for working a Ponzi scheme by means of a platform known as Forsage.
• The defendants allegedly used pc code to steal prospects’ cash.
• The defendants withstand 20 years in jail if discovered responsible.

Legislation enforcement companies in the US proceed to crack down on crypto scammers. A federal grand jury within the District of Oregon indicted 4 founders for working a Ponzi scheme that masqueraded as a decentralized finance (DeFi) platform.

In keeping with an announcement by the U.S. Division of Justice, 4 Russians, Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov, are chargeable for working a “world Ponzi and pyramid funding scheme” by means of an organization known as Forsage.

The DOJ alleges that the defendants coded and deployed good contracts…

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