An overwhelming majority of financial pyramid schemes operating in Russia target investors’ crypto funds, according to new data released by the country’s central bank. The Russian monetary authority ...

Pyramid schemes in Russia increasingly rely on crypto, with 80% of scams operating online and two-thirds using crypto wallets. In 2025, over 7,000 fraudulent schemes were detected, including fake ...

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 ...