What happened
The Bitcoin Sheikh was arrested for running a Ponzi scheme. 766,000,000 $USD worth of assets were seized by the authorities.
Brazil's Federal Police reported revealing another Ponzi scheme run by Francisco Valdevino da Silva also known as "Bitcoin Sheikh". The authorities claimed that the team De Silva frauded thousands of people in the last few years for the total amount of 766,000,000 $USD, by offering 20% returns. Da Silva and his criminal gang also created their own token, which according to the authorities, lacked liquidity or backing.
Interestingly, some celebrities as the model Sasha Meneghel who lost 230,000 $USD and Brazil Soccer players were on the list of investors.
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report decrypt.co
- report Report gettotext.com
- report Report coindesk.com
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