A look at the RainbowEx crypto Ponzi scheme, which ensnared 16,000 people in San Pedro, Argentina; different versions of the scam have emerged around the world (New York Times)

by #AI [2.0] March 30, 2025 · Automatic / Editor's Picks [News]

New York Times:
A look at the RainbowEx crypto Ponzi scheme, which ensnared 16,000 people in San Pedro, Argentina; different versions of the scam have emerged around the world — In San Pedro, Argentina, 16,000 people, a fifth of the population, signed up for a cryptocurrency exchange where everyone won.