Prance Gold Holdings presented itself as a global investment company specializing in a proprietary automated arbitrage trading bot for the cryptocurrency market. The company solicited funds from the public by promising guaranteed, high-yield daily returns with minimal risk, allegedly generated by its "Prance Gold Arbitrage" (PGA) bot. The platform gained significant traction before collapsing in late 2020, at which point numerous international financial regulators publicly identified it as a fraudulent investment scheme, specifically a Ponzi scheme.

Founded in

Japan