I could remember well Back in 2020, when many people are just getting onboarded to the crypto space because of the massive bullrun that happened in the market coupled with the covid 19th lockdown that kept almost everyone in- house, i could remember welll some platform that got me to join the space was called Forsage then, where you build a team and have some referrals uncer you that's how you get some rollover to earn! i found out some project i saw listed on Bingx that is dealing with DAI Stable, Anyone heard about it before.
If you understand how the scheme goes, it's a pyramiding/ponzi scheme. So, with news report about that platform. It turns out that forsage was a scam.
A federal grand jury in the District of Oregon returned an indictment today charging four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, for their roles in a global Ponzi and pyramid scheme that raised approximately $340 million from victim-investors.
There are actually more articles that were published about them like this one:
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid SchemeThe situation during the pandemic made people desperate of looking to make them money but many scammers came out as well taking that advantage.