{"id":50768,"date":"2021-10-06T16:05:18","date_gmt":"2021-10-06T13:05:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50768"},"modified":"2025-09-02T20:06:57","modified_gmt":"2025-09-02T17:06:57","slug":"russias-central-bank-blacklists-a-pyramid-scheme-targeting-chia-miners","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russias-central-bank-blacklists-a-pyramid-scheme-targeting-chia-miners\/","title":{"rendered":"Russia&#8217;s central bank blacklists a pyramid scheme targeting Chia miners"},"content":{"rendered":"<p>On 5 October, the Bank of Russia identified signs of illegal activity in the financial market across <a href=\"https:\/\/www.cbr.ru\/inside\/warning-list\/\">63 companies<\/a>. Among them were several financial pyramid schemes that promised returns from investments in cryptocurrencies.<\/p>\n<p>The CLOUDCHIA company positioned itself as &#8216;an international platform with data centres around the world&#8217;. It promised a passive income from Chia cloud mining of up to 225%. The regulator found that the project was based on a Ponzi scheme.<\/p>\n<p>Signs of financial pyramid schemes were also identified at the companies Atomic Invest LTD, Energy Mining Gold, IQ Mining and Finance Express Limited.<\/p>\n<p>The projects Bc crowdfunding.com, Nexus LLC (Bitfargo), CNBC Trust, Fleebit.com, Finance Delta LTD and Finance Option were found to exhibit signs of illegal professional participants in the securities market.<\/p>\n<p>In September, the central bank also blacklisted the projects To The Mars, To The Moon and TTM Group <a href=\"https:\/\/forklog.com\/en\/news\/russias-central-bank-blacklists-several-cryptocurrency-firms\">Vladislav Utushkin<\/a>, who had repeatedly appeared in live streams with the founder of the pyramid &#8216;Finiko&#8217; Kirill Doronin to engage in mutual promotion to attract a new audience. Utushkin later said he had no connection to Doronin&#8217;s project.<\/p>\n<p>Finiko itself, whose damage from its activities, according to independent estimates, <a href=\"https:\/\/forklog.com\/en\/news\/finiko-pyramid-suspends-payouts-and-demands-users-personal-data\">exceeds $4 billion<\/a>, was placed on the central bank&#8217;s blacklist <a href=\"https:\/\/forklog.com\/en\/news\/founders-of-the-finiko-pyramid-suspected-of-exit-scam\">in February<\/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 the full feed of news, <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>On 5 October, the Bank of Russia identified signs of illegal activity in the financial market among 63 companies. Among them were several financial pyramid schemes promising profits from investments in cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":50769,"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":[345,2132,1154,1163,27],"class_list":["post-50768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-chia-network","tag-crimes","tag-ponzi-schemes","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50768","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=50768"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50768\/revisions"}],"predecessor-version":[{"id":50770,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50768\/revisions\/50770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50769"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}