China's Filecoin Project Faces $100 Million Pyramid Scheme Lawsuit

China’s People’s Court of Pingnan County recently conducted a public hearing on a major pyramid scheme case related to one of the leading projects on Filecoin. The case centers around five executives from Shenzhen Space-Time Cloud Company who stand accused of orchestrating an elaborate pyramid operation that scammed participants out of nearly $100 million.  Read more  »

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