This is what they were dong: They were using investor funds to support losses for another company. They gambled on crypto with investor money and put up their own pump-and-dump proprietary shitcoin as collateral on the loans.
t wasn't actually a ponzi scheme, just plain old fraud.
Or from stealing from investors.
This is what they were dong: They were using investor funds to support losses for another company. They gambled on crypto with investor money and put up their own pump-and-dump proprietary shitcoin as collateral on the loans.
t wasn't actually a ponzi scheme, just plain old fraud.