Company offering ‘ruble-denominated mining’ lands on the Central Bank of Russia’s blacklist

On 25 October, the Bank of Russia added to the warning list of companies with signs of illegal activity on the financial market.

Among others in the list was Loftcoin, a project for which regulators found signs of a pyramid scheme. According to the site, the company offered users ‘mining ruble-denominated currency without investments’. Funds raised from investors were allegedly directed toward purchasing real equipment for mining cryptocurrencies.

The Grandex pyramid also sought to profit from investments in mining and the construction of data centers.

The Central Bank’s blacklist also included Bronz Trade (B-Capital), also run on a Ponzi scheme. It promised partners bonuses of up to 4,000 BTC.

The list of companies showing signs of illegal professional participation in the securities market includes Fuys LTD, X&M Broker and Datum Finance Limited.

The founders of the latter, in addition to profiting from cryptocurrencies, promised users delivery of the first COVID-19 pill. This drug, developed by the oldest German pharmaceutical company Merck, is still undergoing clinical trials.

Earlier in October, the Bank of Russia added to the blacklist a pyramid aimed at Chia miners.

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