- Russians sent crypto to 4,600 fraudster-held crypto wallets in 2025.
- Most pyramid scheme operators now use crypto, Moscow says.
- Central bank vows to step up fight against crypto fraud.
Two-thirds of Russian financial pyramid scheme operators use crypto, the country’s central bank says, with citizens sending Bitcoin and other tokens to over 4,600 criminal group-owned crypto wallets.
The central bank says it identified 7,087 financial pyramids, pseudo-brokers, and other fraudulent schemes last year. The bank says 80% of these pyramids operated online, with the majority using crypto and money mules.
“Most of the illegal projects […] had no offices and interacted with potential clients via social media and chat apps, or by phone. They most…
