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CBB says Papertrade changed rules after collecting $5.5m in fees

NewsFeeds update

CBB said on X that Papertrade is worth studying: it launched a scheme everyone knew and accepted as a Ponzi, collected $5.5m in fees from participants and sold $200,000 of trousers to crypto users, then changed the rules to destroy the scheme and went offline after someone said it might be a Ponzi.

RegulationOdailyAIBearish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.