Papertrade, a platform targeting crypto users, collected $5.5 million in fees and sold $200,000 worth of pants before changing its rules amid Ponzi scheme concerns and going offline. The Crypto Business Bureau (CBB) labeled Papertrade a Ponzi scheme, stating participants were aware and accepted the risks. The issue was raised publicly before the project altered its operations and disappeared, raising caution for investors in similar ventures.
The story about Papertrade's fee collection and rule changes is presented here with Pluang's market data for context. For readers following major cryptocurrencies, 14 of 50 priced assets rose and 35 fell today. Kusama (KSM) was priced at Rp57.480 with a 3.07% decline, Ethereum Classic (ETC) at Rp122.795 down 2.91%, and Theta Network (THETA) at Rp2.585 down 2.60%, as of Nov 08, 2026 20:21 WIB.
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