The Bank of Russia identified signs of illicit activity on the financial market at 105 companies, including a number of cryptocurrency projects.
According to the regulator, the companies Bittrex-global, BITFLOWS, BITKORESH, Crypto Invest Club, IdleMiner, Miners Capital, Money Miner display signs of Ponzi schemes.
The Bitford project shows signs of an illegal professional participant in the securities market.
The regulatory framework does not provide for payments to victims by the Bank of Russia, the regulator said.
In early September, the central bank added to its blacklist projects To The Mars, To The Moon и TTM Group Владислава Утушкина. Он неоднократно выходил в live streams with the founder of the Finiko pyramid for mutual promotion to attract a new audience. Later Utushkin stated that he has no relation to Doronin’s project.
We hadn’t planned to analyse the activity of platforms and products of those with whom we conducted streams; growth was needed quickly, which in fact was a mistake, or perhaps not. We actually gained an audience,
He also said that he learned of his companies being added to the Central Bank of Russia’s blacklist on 7 September from internal community chats.
In one of our products a referral model (MLM) is used, which the market perceives as toxic, although we do not promise income or profits. No one has even tried to understand how ours works
In his view, the current situation was provoked by «orchestrated complaints».
Utushkin added that the project team is working on indicators of a pyramid scheme «both in the legal field and inside the products and their positioning».
Earlier in June, to the Central Bank of Russia’s list of organizations with signs of illegal activity on the financial market made it onto MMM bitcoin, Crypto Security, Crypto Inc, Crypto-Max, CryptoNode, Imperial Crypto Market, Exchange-coindesk, Secret Crypto Deals, Tradeallcrypto, Grandeur Bitcoin Project, Crypton Broker, Cryptobase Inc, Cryptobull, CryptoKS, Cryptonode and others.
In February, the central bank added to the blacklist the Ponzi scheme Finiko, whose damages, according to independent estimates, exceed $4 bn.
The founders of the Finiko pyramid were suspected of an exit scam
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