Forsage founders indicted over $340 million in DeFi 'Ponzi scheme'
According to the Department of Justice, Forsage used smart contracts that were coded consistently with a Ponzi scheme.
![Forsage founders charged for over $340M DeFi 'Ponzi scheme'](https://s3.cointelegraph.com/uploads/2023-02/ee84749d-07ba-4312-974a-1b1b2ccc29d4.jpg)
![Forsage founders indicted over $340 million in DeFi 'Ponzi scheme'](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZWU4NDc0OWQtMDdiYS00MzEyLTk3NGEtMWIxYjJjY2MyOWQ0LmpwZw==.jpg?#)
According to the Department of Justice, Forsage used smart contracts that were coded consistently with a Ponzi scheme.
![Forsage founders charged for over $340M DeFi 'Ponzi scheme'](https://s3.cointelegraph.com/uploads/2023-02/ee84749d-07ba-4312-974a-1b1b2ccc29d4.jpg)
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