According to news on February 23, the four founders of Forsage, an encryption Ponzi scheme, were indicted by the US Department of Justice for their alleged involvement in a $340 million DeFi Ponzi scheme.
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In January 2020, they launched Forsage, which allows millions of retail investors to trade on the Ethereum, Tron, and BNB Chain networks through smart contracts, earn profits by recruiting others to join the program, and use the assets of new investors Early investors are paid in a typical Ponzi scheme structure.
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