Reply to post: Re: the company was allegedly a Ponzi scheme like some other crypto initiatives

Celsius feels the heat: Ex-CEO arrested, watchdogs line up to sue bankrupt crypto biz

katrinab Silver badge
Boffin

Re: the company was allegedly a Ponzi scheme like some other crypto initiatives

I can explain:

This was a Ponzi scheme built on top of another Ponzi scheme, the crypto coins themselves. A Ponzi² scheme if you will.

The others were merely Ponzi schemes.

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