Fake Cryptocurrency Scammed 55,000 investors for over $200 million. Brazilian police arrested 10 people suspected of operating an $ 850 million ($ 210 million) pyramid cryptocurrency scheme. They attracted victims with the promise of a 15% payment the first month after investing in the crypto scheme. In total, the investigation involved 13 individuals and five legal entities. News comes in the same week as the U.S. is acting against a Ponzi scheme linked to a cryptocurrency allegedly backed by diamonds.”]
Source: https://hackercombat.com/fake-cryptocurrency-scammed-55000-investors-for-over-200-million/