‘King of Bitcoin’ Arrested in Brazil Over $300 Million Scam

Reading Time: 2 minutes The so-called ‘King of Bitcoin’, Cláudio Oliveira, has been arrested in Brazil Oliviera was president of the Bitcoin Banco Group which claimed it lost 7,000 BTC in 2019 Bitcoin Banco Group turned out to be a criminal enterprise that took some $300 million from victims A man labelled the ‘King of Bitcoin’ has been arrested in Brazil over a suspected $300 million fraud. Cláudio Oliveira, who served as president of popular finance firm Bitcoin Banco Group, was arrested yesterday on several charges including money laundering and fraud following an 18-month investigation. In 2019 Bitcoin Banco Group tried to claim compensation
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