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Alleged Forsage co-founder extradited from Thailand, pleads not guilty in $340 million Ponzi case

The Block
Olena Oblamska, an alleged co-founder of the Forsage crypto scheme, has been extradited from Thailand and pleaded not guilty in a U.S. court.

Summary

Olena Oblamska, a Ukrainian national accused of co-founding the Forsage cryptocurrency investment platform, was extradited from Thailand to the U.S. and has pleaded not guilty to conspiracy to commit wire fraud. The federal case involves an alleged $340 million Ponzi scheme, where prosecutors claim Forsage used smart contracts to route investor funds to earlier participants while siphoning money for the founders. Oblamska remains detained pending a trial set for July 14, while her three co-defendants remain at large.

(Source:The Block)