Forsage

Known Scam

DeFi Smart-Contract Ponzi & Pyramid Scheme · First reported 2020

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1,900

Victims reported

1,340

Warnings filed

19%

Recovery rate

90,000

Max loss logged

About this scam

Forsage was a decentralized-finance platform built on smart contracts (Ethereum, Tron and Binance Smart Chain) that the US SEC charged in August 2022 for allegedly operating a fraudulent $300 million Ponzi and pyramid scheme. Investors were sold "packages" and rewarded primarily for recruiting others rather than from genuine business activity, with founders and promoters later facing parallel US criminal charges. This entry reflects the regulator's public allegations - see the linked notice.

Scam tactics used

Recruitment-driven "master node" packagesMulti-level referral rewardsSmart contracts on Ethereum/Tron/BSCGuaranteed passive income claims

Operating jurisdictions

United StatesGlobalSoutheast AsiaEastern Europe

How we can help with Forsage

Cryptocurrency Fund RecoveryEnd-to-end recovery of cryptocurrency lost to scams, theft and fraudulent platforms - from tracing your funds on-chain to freezing them at exchanges and pursuing legal recovery or settlement.Blockchain ForensicsAdvanced blockchain analysis to trace cryptocurrency transactions, identify fraudsters, and build court-ready evidence across multiple chains.Investment Fraud RecoveryRecovery for victims of bogus investment schemes - from property and "guaranteed return" products to Ponzi and unregulated opportunity scams.

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What to do about Forsage

01Contact us first. Get a free fund-recovery assessment from our investigators. We investigate Forsage and set out the practical steps to pursue your money.
02Share your evidence. Send us what you have - payments, screenshots and correspondence - and we organise it into a clear case file.
03Your bank. We help you pursue a recall or chargeback on the affected transfers.
04Regulators and authorities. Where it strengthens your case, we prepare and file the necessary reports with bodies such as the FCA and Action Fraud on your behalf.