Pi Network, a mobile app launched in 2019, has garnered significant attention and controversy within the cryptocurrency community. While it claims to allow users to "mine" cryptocurrency using their smartphones, many experts and investors have raised concerns about its legitimacy and potential risks.
Read MoreIn a high-profile case making waves across the globe, Swedish national Szakacs, now known as Emre Avcı after acquiring Turkish citizenship, has been arrested in Turkey on serious allegations of orchestrating a pyramid scheme that allegedly defrauded investors of $4 billion.
Read MoreIn a significant move against financial crime, China has successfully extradited a suspected mastermind behind a massive cryptocurrency pyramid scheme.
Read More