crypto-linked Ponzi scheme
Spain’s Civil Guard has detained an individual accused of leading a Ponzi scheme linked to cryptocurrency, reportedly costing victims around 260 million euros. The operation targeting this alleged leader involved extensive investigations that unveiled a network purportedly defrauding numerous investors over time. Authorities believe the scheme misled participants by promising high returns while using new investments to pay previous investors. As the investigation continues, officials are examining the broader implications of the cryptocurrency sector and its vulnerability to such fraudulent activities.
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Last updated on November 9th, 2025 at 01:00 pm
