The Central Bank of Russia disclosed a significant increase in pyramid schemes, particularly targeting crypto funds. In Q1 2025, 2,780 entities were registered, marking a 56% increase from the previous year. Over half of these schemes operated as Ponzi schemes, mainly via online platforms.
Russian authorities are actively combating fraudulent platforms, shutting down over 5,200 pyramid scheme websites in just three months. The Central Bank is also restricting crypto-related websites and emphasizing the importance of awareness against scams promising unrealistic returns.
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