Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

26/07/2025

Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

26/07/2025

If BTC Price Surpasses Here, He Will Overtake Warren Buffett

26/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    If BTC Price Surpasses Here, He Will Overtake Warren Buffett

    26/07/2025

    EV Firm Volcon Joins the Bitcoin Treasury Trend with $500M in Capital

    26/07/2025

    Will Bitcoin Treasury Companies Kickstart the Next Crypto Bear Market?

    26/07/2025

    Matador Aims to Buy 6,000 BTC, Eyes Top 20 Spot by 2027

    26/07/2025

    Ethereum Is So Back? ETH Price Jumps to 2025 High Amid Open Interest Surge

    25/07/2025

    ‘Ethereum Avengers’ Firm to Generate ETH Using $1.5 Billion Stockpile

    25/07/2025

    Cathie Wood’s ARK Loads Up on Ether Treasury Bet Bitmine Immersion

    25/07/2025

    Ethereum Has Already Won—Paul Brody

    25/07/2025

    Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

    26/07/2025

    WeChat Froggie Mascot Spikes a Meme Coin Rally

    26/07/2025

    A Phenomenal 44% Surge for Solana’s AI-Powered Health Crypto

    26/07/2025

    Wall Street, Walmart & Web3

    26/07/2025

    LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

    26/07/2025

    Ripple CTO regrets the time he censored Ozzy Osbourne

    26/07/2025

    NFT market cap surged to $6.6B in July: DappRadar

    25/07/2025

    Ethereum Treasury Firm Buys $5M CryptoPunk—And Is Borrowing Stablecoins Against It

    25/07/2025

    LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

    26/07/2025

    Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

    26/07/2025

    If BTC Price Surpasses Here, He Will Overtake Warren Buffett

    26/07/2025

    WeChat Froggie Mascot Spikes a Meme Coin Rally

    26/07/2025
  • Blockchain

    A Game-Changer for Network Efficiency

    26/07/2025

    Is Ripple Powering BlackRock’s $100 Trillion Blockchain Vision?

    26/07/2025

    Zircuit Introduces Cross-Chain AI Trading with Hyperliquid Engine

    26/07/2025

    Sahara Labs Unveils Data Services Planform to Revolutionize AI Training

    26/07/2025

    Bridges are a road to nowhere for blockchain communications

    26/07/2025
  • DeFi

    Apple Farm season 2 now live on Etherlink with $3M in rewards

    25/07/2025

    Retail XRP Holders Could Soon Earn 20% Yield on Their Tokens

    25/07/2025

    Pell Network Collaborates with HashKey Chain to Forge BTCFi Revolution in RWA Sector

    25/07/2025

    Revolutionary Injective Tokenization Unlocks $1.3B ETH Treasury for DeFi

    25/07/2025

    Deciding the Future of Reimbursement After the Exploit

    25/07/2025
  • Metaverse

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025
  • Regulation

    U.S. June CPI Rose an In Line 0.3%; Core Rate Slightly Better Than Hoped at 0.2%

    26/07/2025

    BREAKING! US Inflation Data Released! Here’s Bitcoin (BTC)’s First Reaction!

    26/07/2025

    How Was the First Half of 2025? Institutional and Individual Investors Followed Different Strategies! “Institutions Flocked to Bitcoin and Ethereum, While Individual Investors Flocked…

    26/07/2025

    Donald Trump Launches Official Process for Fed Chair! US Treasury Secretary Calls for “Extension” to Powell!

    26/07/2025

    Here’s why the stock and crypto markets rose after the US inflation data

    26/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Kraken to Support Biotech Firm Windtree’s $200M BNB Treasury Play

    25/07/2025

    Bahamas Claims Approved, US Hearing Underway

    25/07/2025

    EDX Unveils International Crypto Trading Platform With Perpetual Futures

    25/07/2025

    CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue

    25/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Octo Gaming Teams Up with Starknet for Exclusive Rollup-Powered Game Launch

    25/07/2025

    Off the Grid Skin Sale Volume Hits $30K as the Avalanche Shooter Hits OpenSea

    25/07/2025

    Axie Infinity Creator Sky Mavis Backs New BORA-Integrated Game on LINE NEXT App

    24/07/2025

    ‘Tokyo Beast’ Speedruns Crypto Game Cycle, Shutting Down Just a Month After Launch

    24/07/2025

    Tether’s Mining OS Set to Go Open Source by End-of-Year, Confirms Paolo Ardoino

    26/07/2025

    Bitmain Funnels 187 Tons of Antminer Parts to Skirt US Tariffs

    25/07/2025

    Russian authorities implicate illegal mining for 200% spike in video card sales

    25/07/2025

    ‘Every family here is sick,‘ say neighbors of Bitcoin mining facility in Texas

    25/07/2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    25/07/2025

    Senator Warren Slams GOP’s Crypto Plan, Warns of ‘Presidential Corruption’

    25/07/2025

    White House Set to Launch First Major Crypto Policy Report On July 22

    25/07/2025

    SEC explores Ethereum token standard for compliant securities

    25/07/2025

    LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

    26/07/2025

    Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

    26/07/2025

    If BTC Price Surpasses Here, He Will Overtake Warren Buffett

    26/07/2025

    WeChat Froggie Mascot Spikes a Meme Coin Rally

    26/07/2025
  • MarketCap
NBTC News
Home»Legal»Players Eye Lawsuits as Analysts Label Hamster Kombat a ‘Time Ponzi Scheme’
Legal

Players Eye Lawsuits as Analysts Label Hamster Kombat a ‘Time Ponzi Scheme’

NBTCBy NBTC02/10/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Analysts have begun to try to explain the weak performance of HMSTR, the Hamster Kombat official game token, since its token generation event and subsequent airdrop. Neomarkets chief analyst Oleg Kalmanovich assessed that one of the key problems for the projects included the dilution of HMSTR, calling its airdrop a time Ponzi scheme.

Hamster Kombat Blasted With Ponzi Scheme Allegations, Could Face Lawsuits

Hamster Kombat, one of the most successful games distributed via Telegram, is facing criticism from several analysts who have called the project’s token a Ponzi scheme. The statements come after the token has shed 42% of its initial listing price of $0.01 in the market.

Oleg Kalmanovich, chief analyst at Neomarkets, stated that one of the biggest problems with HMSTR’s token generation event and its subsequent airdrop was the dilution of the token value due to the large number of participants.

Talking with Russian media, Kalmanovich explained:

There were 300 million participants in Hamster Kombat, and 130 million participants reached the drop – this is a gigantic number. Each of them cannot get millions.

Furthermore, Kalmanovich stated that this was just like any classic pyramid, but that instead of money, the only thing that players could lose was time. Kalmanovich’s ideas resonate with the opinions of many users who complained about their token allocation, calling it one of the worst airdrops in the world.

HMSTR’s behavior was anticipated by Sergey Ramaninov, another financial analyst, who assessed that “within 24 hours after the launch, the token will probably fall — a huge number of users will sell the digital assets they received for free.”

As a consequence of this perfect storm, the inclusion of an anti-cheating strategy just days before the airdrop, and the meager HMSTR bounties collected by some, Russian media reports indicate some players have considered suing the game developers. However, Russian experts believe that all of the game’s agreements need to be reviewed to clarify if Hamster Token violated its obligations or misled players.

What do you think about HMSTR’s performance and possible legal actions against the project in Russia? Tell us in the comments section below.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Hong Kong’s stablecoin licensing to adopt invite-only approach: report

25/07/2025

Senator Warren Slams GOP’s Crypto Plan, Warns of ‘Presidential Corruption’

25/07/2025

White House Set to Launch First Major Crypto Policy Report On July 22

25/07/2025

SEC explores Ethereum token standard for compliant securities

25/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

26/07/2025

Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

26/07/2025

If BTC Price Surpasses Here, He Will Overtake Warren Buffett

26/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.