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Pyramid schemes posing as crypto brokers defraud Russians of 1 billion rubles on average
Jan 14, 2026
< 1 min read
by Lubomir Tassev
for CryptoPolitan
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Russian financial pyramid schemes are falsely presenting themselves as brokers in crypto and traditional assets. Sberbank warns that each scheme could cost victims up to one billion rubles, highlighting a rise in investment fraud targeting citizens.
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Russian organizers of financial pyramid schemes are now often pretending to be brokers offering victims to earn money on investments in crypto and traditional assets. Sberbank, Russia’s largest banking institution, has warned about the new trend and estimated that each reported scheme costs unsuspecting citizens up to a billion Russian rubles on average. Fraudsters pose […]
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