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Cryptocurrency investment platform Forsage co-founder extradited from Thailand to the United States, pleads not guilty to conspiracy charges related to telecom fraud
May 18 News, the U.S. Department of Justice announced that Olena Oblamska, a Ukrainian national accused of operating the cryptocurrency investment platform Forsage, was extradited from Thailand to the United States last week and appeared in federal court in Oregon, pleading not guilty to charges of “conspiracy to commit wire fraud.”
Prosecutors state that Forsage operated under the guise of an Ethereum blockchain-based “smart contract” investment project, but in reality, it was a Ponzi and pyramid scheme, involving approximately $340 million. Currently, Olena Oblamska is in custody awaiting trial, with a jury trial scheduled to begin on July 14, 2026; if convicted, she could face up to 20 years of federal imprisonment.