‘I invested in a Ponzi scheme’: Nigerians fall victim to crypto scams
Experts say financial illiteracy, lax regulations, greed, economic hardship make people susceptible to scam companies.
![Representations of cryptocurrencies [File: Dado Ruvic/Reuters]](/wp-content/uploads/2025/03/2025-03-02T162408Z_1329528509_RC2KTV9SLJ66_RTRMADP_3_USA-TRUMP-CRYPTO-1740977595.jpg?resize=770%2C513&quality=80)
![Pakistan appoints Changpeng Zhao (right), founder of Binance, as a strategic adviser for its crypto council [Handout/Pakistan Ministry of Finance]](/wp-content/uploads/2025/04/finance-minisry-1744085088.jpg?resize=770%2C513&quality=80)
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The Justice Department says it will instead pursue cartels and criminal networks that use digital currencies.
Cryptocurrency falls as much as 6 percent as lack of plans for government purchases disappoints investors.
The announcement over the weekend sent crypto markets into an upwards frenzy following a recent weeks-long slump.
US president says Bitcoin, Ethereum, XRP, Solana, and Cardano will be included in ‘Crypto Strategic Reserve’.
![Representations of cryptocurrencies [File: Dado Ruvic/Reuters]](/wp-content/uploads/2025/03/2025-03-02T162408Z_1329528509_RC2KTV9SLJ66_RTRMADP_3_USA-TRUMP-CRYPTO-1740977595.jpg?resize=270%2C180&quality=80)
Iran appears poised to impose new levels of control and oversight into crypto amid deteriorating economic conditions.
![More Iranians are dealing in cryptocurrencies, and authorities are trying to exert more control. Illustration taken November 3, 2022 [Dado Ruvic/Reuters]](/wp-content/uploads/2025/02/2022-11-04T122444Z_541332811_RC2JEX9CE9SP_RTRMADP_3_FINTECH-CRYPTO-BINANCE-IRAN-1740581462.jpg?resize=270%2C180&quality=80)
Critics have accused Milei of involvement in the rapid rise and fall of a cryptocurrency, costing investors thousands.
Joint motion is first clear effort to retreat from US regulator’s prior crypto enforcement under Democratic leadership.
Silk Road founder thanks US president for ‘amazing blessing’ in video message after his release from prison.
Ulbricht was given two life sentences, plus 40 years for running a site that allegedly facilitated $183m in drug sales.
Trump’s promise to usher in a ‘golden age’ for crypto is a sharp contrast from his predecessor.
