Crypto history
Forsage smart-contract pyramid
The SEC charged founders and promoters of Forsage in 2022, describing a smart-contract pyramid and Ponzi structure.
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In this article
Overview
The SEC charged founders and promoters of Forsage in 2022, describing a smart-contract pyramid and Ponzi structure.
Why it matters
Automatic code execution did not create outside revenue; participant funds followed recruitment logic.
What to check
A complaint contains allegations unless later adjudicated.