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22 Jul 2026

The Man Who Stole Billions With Bitcoin: Sergey Mavrodi

The Man Who Stole Billions With Bitcoin: Sergey MavrodiIn December 1991, as the Soviet Union collapsed, 150 million people were suddenly thrust into wild, unregulated capitalism. Out of this total financial chaos emerged Sergey Mavrodi—a mathematical genius and recluse who engineered the biggest, most absurd Ponzi scheme in human history: MMM. From filling entire rooms with paper cash that was weighed by the truckload, to running for parliament from a prison cell to get total criminal immunity—Mavrodi’s story sounds like a Hollywood movie. But his darkest chapter began years later, when he discovered Cryptocurrency. Using Bitcoin, Mavrodi launched MMM Global, targeting millions of people across Asia, South America, and Africa—single-handedly pumping the price of Bitcoin in 2015 and causing massive economic collapse in Nigeria. Watch t

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Filed Under: Scams Tagged With: 2015, bitcoin, collapse, crime, crypto, documentary, economic, finance, financial, golubkov, history, lyonya, mmm, nigeria, pump, scam, scams:, true, ussr

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