US authorities: Dubai has quietly become a leading home for crypto scamming in the past decade, including Ponzi and pyramid schemes that made $3.4B+ since 2017 (Alice Kantor/Bloomberg)

Alice Kantor / Bloomberg:
US authorities: Dubai has quietly become a leading home for crypto scamming in the past decade, including Ponzi and pyramid schemes that made $3.4B+ since 2017  —  Ponzi and pyramid schemes dressed in startup clothes have been running rampant in the UAE, experts and US authorities say.