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Add as a preferred source on GoogleCBB Says Papertrade Collected $5.5 Million; Rules Changed After Ponzi Concern
CBB also claimed Papertrade sold $200,000 worth of pants to crypto users and that participants knew about and accepted what it called a Ponzi scheme.
CBB alleged Papertrade collected $5.5 million in fees and sold $200,000 worth of pants to crypto users, then changed its rules after a Ponzi concern and went offline.
CBB characterized Papertrade as a Ponzi scheme and claimed participants knew what it was and accepted it. The post said someone raised the possibility that Papertrade might be a Ponzi scheme before the project changed its rules and went offline.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.