Recently, there have been allegations and suspicions surrounding ZEN Coin, also known as Horizen, regarding its involvement in illegal pyramid schemes. These allegations have raised concerns among investors and the cryptocurrency community as a whole.

Pyramid schemes are illegal investment scams where participants are promised high returns on their investments, often through recruiting others to join the scheme. As more people join, the initial investors are paid out with the money from new recruits, creating a unsustainable business model that eventually collapses, leaving many participants with significant financial losses.

While ZEN Coin has denied any involvement in illegal activities, there have been reports of suspicious practices within the community. Some users have claimed that the coin's value is being artificially inflated through deceptive marketing tactics, and that new investors are being lured in with promises of quick profits.

It is important for investors to exercise caution and conduct thorough research before getting involved with any cryptocurrency or investment opportunity. It is recommended to only invest in projects that have a transparent and legitimate business model, and to be wary of any promises of guaranteed returns or high profits.

As the investigation into ZEN Coin's alleged involvement in illegal pyramid schemes continues, investors should remain vigilant and stay informed about any developments. It is always best to err on the side of caution and avoid investing in projects that have a questionable reputation or lack transparency.

In conclusion, while ZEN Coin has denied the allegations of illegal activities, the suspicions surrounding its involvement in pyramid schemes have raised red flags within the cryptocurrency community. Investors should proceed with caution and conduct thorough due diligence before getting involved with any investment opportunity.