# CBB Says Papertrade Collected $5.5 Million; Rules Changed After Ponzi Concern

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/51617
Published: 2026-11-08T13:35:48.000Z
Updated: 2026-11-08T13:35:48.000Z
Section: Investing

> 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.