Reports are coming in from Ladysmith, a South African city nearly 400 kilometers away from Johannesburg that the local population may have stepped in a crypto Ponzi scheme without even realizing it. The company in question is called Bitcoin Wallet and was campaigning in South Africa in June 2019, by promising 100% returns to investors in 15 days through trading cryptocurrencies. Considering the fact that the promises were made in early June and it’s now the beginning of July, it’s safe to say that the investors may have inadvertently walked into a Ponzi scheme. According to local media outlets, the
