{"id":9804,"date":"2024-01-15T13:54:06","date_gmt":"2024-01-15T11:54:06","guid":{"rendered":"https:\/\/forklog.com\/en\/bank-of-russia-identifies-slovopacana-as-a-pyramid-scheme\/"},"modified":"2024-01-15T13:54:06","modified_gmt":"2024-01-15T11:54:06","slug":"bank-of-russia-identifies-slovopacana-as-a-pyramid-scheme","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-russia-identifies-slovopacana-as-a-pyramid-scheme\/","title":{"rendered":"Bank of Russia Identifies ‘Slovopacana’ as a Pyramid Scheme"},"content":{"rendered":"

On January 12, the Bank of Russia expanded its list of companies<\/a> exhibiting signs of illegal activity in the financial market. The regulator has classified<\/a> the cryptocurrency project ‘Slovopacana’ as a financial pyramid.<\/p>\n

The project’s organizers offer the purchase of a native token called Boiler (BLR), which purportedly increases in value daily by 1% to 25%. However, the withdrawal of BLR is restricted \u2014 the coin is unlocked depending on the participant’s possession of a second token named Booster (BST).<\/p>\n

The project’s website features scenes from the eponymous TV series and “streetwise quotes.” Depending on the number of transactions, clients are assigned ranks such as “Chushpan,” “Supera,” or “Authority.”<\/p>\n

The minimum contribution for participation is $100.<\/p>\n

Also included in the list of projects with pyramid scheme characteristics are the broker Procash-mining and the company Cloud-mine.org, which offers earnings through cloud mining.<\/p>\n

In the first nine months of 2023, the regulator identified 2176 financial pyramids, a 47% increase compared to the same period last year.<\/p>\n

Earlier in February, the Bank of Russia added the fraudulent broker CZ-Changpeng FX to its blacklist.<\/p>\n","protected":false},"excerpt":{"rendered":"

On January 12, the Bank of Russia expanded its list of companies exhibiting signs of illegal activity in the financial market. The regulator has classified the cryptocurrency project ‘Slovopacana’ as a financial pyramid. The project’s organizers offer the purchase of a native token called Boiler (BLR), which purportedly increases in value daily by 1% to […]<\/p>\n","protected":false},"author":1,"featured_media":9803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1163,27],"class_list":["post-9804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-ponzi-schemes","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=9804"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9803"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}