Valery Lyakh, Director of the Bank of Russia Department for Combating Unfair Practices, said that 58% of financial pyramids identified in the first quarter were associated with cryptocurrencies.
By words Lyakh, in the conditions of a special operation in Ukraine and economic uncertainty, the creators of financial pyramids received a new influx of funds. They often attracted victims with promises to save money by investing in cryptocurrencies and various “digital tools”.
“As always, financial pyramids are actively using the current information agenda. The impetus was given to schemes based on transfers using cryptocurrency or investments in supposedly “digital tools”. Now scammers are putting sanctions on them. For example, they specifically emphasize that we are talking about projects or accounts in states that have not joined the sanctions,” Lyakh said.
The official also noted that in the first quarter of this year, the Central Bank of the Russian Federation revealed 403 pyramid schemes, of which 233 companies were associated with cryptocurrencies. For comparison, for the entire last year, the regulator recorded 460 Ponzi schemes related to digital assets.
Source: Bits
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