The story of the crypto rip-off in Brazil has taken a brand new flip previously week when the CEO of an alleged pyramid scheme allegedly fled the nation after courtroom phrases have been rejected.
Right here is the final week of crypto and blockchain information in evaluate, as initially reported by Cointelegraph Brazil.
Banco Unique sponsors a crypto-related occasion
The Brazilian Banco Unique was the main sponsor of the Expo Boa Chance, an vital fintech convention that brings collectively monetary establishments, multilevel advertising and cryptocurrency-related firms, Cointelegraph Brasil reported on October 6. The occasion, held at Expo Dom Pedro in Campinas, is alleged to have acquired greater than 20,000 entrepreneurs.
In response to Cointelegraph Brasil, numerous crypto-related firms on the occasion, resembling B2Ccoin and DD Company, don’t have permission from the Brazilian Securities and Alternate Fee (CVM) to function within the nation. As well as, some firms can be concerned in monetary pyramid schemes, the report stated.
Unick Foreign exchange reimburses a buyer as ordered by the courtroom
On October 9, alleged funding scheme Unick Foreign exchange executed a courtroom order to repay one among its prospects. Upfront, the corporate issued a public assertion that they might solely reimburse these prospects who had acquired their fee vouchers.
As earlier than reported, the Court docket of Justice of Sao Paulo ordered a blocking of Unick Foreign exchange-managed property final week following a lawsuit over platform withdrawals. The courtroom in the end ordered Unick Foreign exchange to pay $ 28,500 to a buyer who filed a grievance in opposition to the corporate.
Beforehand the president of Unick Foreign exchange argued that the corporate shouldn’t be an funding platform, however quite an education-oriented platform.
The CEO of Atlas Quantum flees from Brazil
Begin up the CEO of Brazillian investments and claimed pyramid scheme Atlas Quantum reportedly left Brazil for the Netherlands, resembling reported on October 10. In response to Cointelegraph Brasil, the corporate's CEO, Rodrigo Marques, fled the nation together with his household shortly after a public listening to earlier than the Home of Representatives, firing the safety personnel who accompanied him all over the place.
In the meantime, Atlas Quantum's customer support denied the information to Cointelegraph and claimed that Marques was in Sao Paulo to treatment overdue recordings on the platform. Following a request for info, the Federal Police of Brazil reportedly stated that Marques is free to cross borders as a result of there isn’t any conviction or courtroom order stopping him from doing so.
As reported in mid-September, Atlas Quantum rejected authorized deadlines for resolving the delayed Bitcoin (BTC) recordings on its platform. On September 17, the Federal Court docket of Brazil dominated that the actions of the inventory change might type a monetary pyramid and ordered the property of the corporate to be instantly frozen. On 2 October, giant HitBTC crypto change denied claims that it was concerned in freezing Atlas Quantum funds, claiming that the proof offered was cast.