The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation. On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee, reportedly stating the company’s founders proposed selling the business as a better option for creditors than liquidating the firm.Continue
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Forsage Founders Indicted in $340M DeFi Ponzi Scheme U.S. Department of Justice charged four Russian individuals for running a Ponzi scheme through a platform called Forsage. The defendants allegedly used computer code to steal customers’ money. The defendants face up to 20 years in prison if found guilty. Law enforcement agencies in the United States
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov — have been formally accused of having key roles in the scheme which raised approximately $340 million