Brazil has seen one other tumultuous week within the cryptocurrency business, because the alleged pyramid scheme Atlas Quantum upsets it clients but once more, one other six people linked to the Unick Forest crypto scheme are arrested, and the founding father of A2 Trader challenges Brazilian regulators to close down his buying and selling web site.
Here is the previous week of cryptocurrency and blockchain information in assessment, as initially reported by Cointelegraph Brasil.
Atlas Quantum upsets clients, because it buys BTC for $5,500 and resells for $11,710
The alleged pyramid scheme, Atlas Quantum, a Brazilian platform that claims to conduct Bitcoin (BTC) arbitration, has angered its clients but once more. This time shoppers are upset over the value distinction within the ‘withdrawal in reals’ operation, steered by the corporate’s CEO, Rodrigo Marques, to resolve the corporate’s downside of withdrawals.
The operation gained some reputation as a number of customers sought to promote their BTC as a way to save a minimum of part of their funding. However, the value distinction has not happy traders on condition that Marques had ensured that Atlas wouldn’t “gain anything from the system.”
Apparently, the corporate offered Bitcoin from disgruntled customers at a massively discounted value of $5,500 however resold the identical cash for $11,710, greater than 50% of the worth supplied to the corporate’s blocked clients. A shopper from Atlas Quantum got here ahead, saying “it is a pure scam.”
Another six people arrested in case of alleged crypto scheme Unick Forex
On Oct. 26, Cointelegraph Brasil reported {that a} federal court docket ordered the detention of one other six people suspected of collaborating within the actions of Unick Forex, an organization that’s accused of a number of crimes, together with cash laundering, and being a cryptocurrency funding scheme. When arrested, these people might be becoming a member of 9 different arrestees, together with the president of the corporate Leidimar Lopes. The guarantor of Unick’s investments, Fernando Marques Lusvarghi, remains to be at massive.
Founder of A2 Trader challenges the CVM: “If I have to close the site I open another one.”
In September, Cointelegraph Brasil reported that the Brazilian Securities Commission (CVM) began investigating the allegedly fraudulent actions of A2 Trader and its founder, Kleyton Alves Pinto. A2 Trader was accused of being a monetary pyramid, driving Alves to not too long ago declare that the CVM evaluation is predicated on faux information.
Alves additional said that no authorities can contact the cash of traders and that the websites that report complaints about A2 Trader accomplish that as a result of they’re “paid for it.” He added that if the CVM would proceed to close down his buying and selling web site, he would simply open one other one, on servers overseas.
Genbit consumer goes to court docket to dam the corporate’s financial institution accounts
The Sao Paulo Court of Justice granted an pressing injunction to a shopper of crypto trade GenBit to dam the corporate’s financial institution accounts. The shopper claims that it initiated the method as a result of it was unable to get well his funds.
The lawsuit said that the trade is now suspended by the CVM as it isn’t licensed to supply investments.
Alleged pyramid scheme Midas Trend sponsors French soccer match
Even although its actions have been investigated by the Brazilian regulators, Midas Trend, which affords funding packages via Bitcoin and cryptocurrency operations, sponsored a French Premier League sport on the finish of October.
The alleged Bitcoin pyramid scheme sponsored the match between Lille Olympique Sporting Club Métropole and Football Club des Girondins de Bordeaux. In addition to billboard ads on the stadium, Midas Trend additionally had its brand worn on the shirts of the Lille soccer gamers. Midas Trend president Deivanir Santos stated:
“This is our first kick-off, our thought is to interrupt even borders and overcome all challenges. I’m very proud of that.”
Meanwhile, Midas Trend clients have been complaining concerning the firm on social networks, stating that the funding platform is inaccessible and that it isn’t potential to speak to the corporate.
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