Crypto information from Brazil: September 30 – October 6 in assessment


Brazil noticed one other week of experiences on alleged cryptocurrency scams when the Sao Paulo courtroom ordered the property managed by Unick Foreign exchange to be blocked, whereas one other firm was reported on promising returns of 400% by way of a cryptocurrency funding plan.

Right here is the final week of crypto and blockchain information in assessment, as initially reported by Cointelegraph Brazil.

Unick Foreign exchange allegedly flees workplaces, however apparently will resume operations

After a police investigation of alleged funding scheme Unick Foreign exchange, staff reportedly fled the corporate's workplaces with computer systems and different {hardware} in tow. Cointelegraph Brazil reported on 20 September that in keeping with the managers of the constructing through which the corporate was housed, the rooms belonging to Unick have already been transferred and are able to be rented.

On October 1, Leidimar Lopes, the president of Unick Foreign exchange, published an official assertion that the corporate will proceed to function usually following an alleged improve of the platform. The director confused that the corporate can pay its prospects by way of an out-of-court settlement and guarantees that each one prospects can withdraw their cash as requested.

Within the assertion, Lopes famous that Unick Foreign exchange isn’t an funding platform, however slightly an academic platform for sharing content material in areas reminiscent of on-line advertising and marketing, private finance, monetary markets and cryptocurrencies.

Take away the Foreign exchange property which have been blocked by the courtroom

Then, reportedly, the Courtroom of Justice of Sao Paulo ordered to dam the property managed by Unick Foreign exchange, granting an pressing order request to a buyer who complained about deferred withdrawals from the platform. In accordance with a courtroom order printed on October 3, Unick Foreign exchange is free to attraction the choice.

Unick Foreign exchange was earlier ordered to pay $ 28,500 to a buyer who has filed a lawsuit towards the corporate because of delays in retracting platforms.

Leaked: GBB CEO owns 25,000 Bitcoin

Additionally this week Cointelegraph Brazil reported that the CEO of the Brazilian cryptocurrency firm Grupo Bitcoin Banco (GBB) claimed 25,000 Bitcoin (BTC), value $ 196 million throughout the press, in a 2018 utility to the Division of Federal Income in 2019.

As authorized specialists counsel, CEO Claudio Oliveira's private funds might probably be used to cowl GBB's money owed to its prospects. The alleged undeniable fact that Oliveira had greater than $ 200 million in crypto was revealed within the midst of GBB's authorized issues and an ongoing police investigation as a result of reported finish of August.

New analysis from YouXWallet

On September 30 Cointelegraph Brazil reported on one other alleged crypto-pyramid system that’s lively in Brazil and Portugal. YouXWallet, an Estonia-based foreign exchange and crypto trade, is reportedly accused of working a monetary pyramid that guarantees a return of 400% to buyers, in keeping with a survey by multi-level advertising and marketing (MLM) analysis agency Behind MLM.

In accordance with reports, YouXWallet is already being investigated by the Securities and Alternate Fee of Brazil (CVM) as a result of the corporate is presumably concerned in a monetary pyramid scheme.

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