Alleged Forsage Co-Founder Extradited From Thailand in $340 Million Ponzi Case

Olena Oblamska, accused of co-founding Forsage, was extradited from Thailand to the United States and pleaded not guilty to conspiracy to commit wire fraud in a federal case tied to an alleged $340 million crypto Ponzi and pyramid scheme. U.S. prosecutors said Forsage operated across Ethereum, TRON, and BNB Chain and defrauded victims of about $340 million. The update also notes that the U.S. Securities and Exchange Commission previously filed civil charges against Forsage in August 2022. Trial is scheduled to begin in July 2026.

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