{"id":46204,"date":"2021-07-16T12:51:47","date_gmt":"2021-07-16T09:51:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46204"},"modified":"2025-09-01T15:09:38","modified_gmt":"2025-09-01T12:09:38","slug":"cryptocurrency-pyramid-shut-down-in-cherkasy-after-9-1-million-losses","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-pyramid-shut-down-in-cherkasy-after-9-1-million-losses\/","title":{"rendered":"Cryptocurrency pyramid shut down in Cherkasy after $9.1 million losses"},"content":{"rendered":"<p>National Police of Ukraine officers halted the operations of a fictitious cryptocurrency exchange, whose founders promised investors 7% daily profits. According to the agency&#8217;s press service, <a href=\"https:\/\/cyberpolice.gov.ua\/news\/kiberpolicziya-prypynyla-shaxrajsku-sxemu-investyczij-organizatoriy-yakoyi-oshukaly-gromadyan-na-chvert-milyarda-gryven-8765\/\" target=\"_blank\" rel=\"noopener\">they said<\/a>.<\/p>\n<p>According to investigators, the perpetrators created an app resembling the site of an unnamed popular Bitcoin exchange. The minimum investment amount was 150,000 hryvnias (about $5,500). New investors were recruited through ambassadors.<\/p>\n<p>When users tried to withdraw their money, the organizers told them that such an option was unavailable, and subsequently blocked access. The total losses exceeded 250 million hryvnias ($9.1 million).<\/p>\n<p>Law enforcement conducted seven searches in Cherkasy and Khmelnytskyi regions, during which mobile phones, computer equipment, bank cards, cash and weapons were seized.<\/p>\n<p>The police opened a criminal case for fraud. The organizer faces up to eight years\u2019 imprisonment.<\/p>\n<p>Earlier ForkLog reported that the Finiko financial pyramid suspended payments and <a href=\"https:\/\/forklog.com\/en\/news\/finiko-pyramid-suspends-payouts-and-demands-users-personal-data\">demanded users&#8217; personal data<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all the news coverage, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Police of Ukraine officers halted a fictitious cryptocurrency exchange, whose founders promised investors 7% daily profits.<\/p>\n","protected":false},"author":1,"featured_media":46205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1269,1163,16],"class_list":["post-46204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-cryptocurrencies","tag-ponzi-schemes","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46204"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46204\/revisions"}],"predecessor-version":[{"id":46206,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46204\/revisions\/46206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/46205"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}