Binance CEO Accused Of Fraudulent Practices In Brazilian Crypto Scam Probe
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil. The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]
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Brazilian football legend Ronaldinho Gaúcho faces the looming possibility of detention as he becomes entangled in a cryptocurrency fraud investigation in his homeland. Accused of being associated with a pyramid scheme post-retirement, Ronaldinho’s involvement allegedly catalyzed financial losses for scores of investors who were swayed by his iconic status. Summoned by the Brazilian Chamber of […]
The U.S. Department of Justice announced Wednesday the seizure of $24 million in cryptocurrency after a request from Brazilian police.
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation Compliance came about by way of an investigation that identified cryptocurrency-related money laundering crimes on the internet starting in 2018. Brazilian Police Fight Crypto Money Laundering The Brazilian Federal Police were deployed last week to scrutinize several locations that were allegedly....
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.”
New Crypto Scam Reporting Platform Launched
A number of crypto firms have joined forces and launched a new, multi-chain scam reporting platform. TRM Labs, Circle, Solana Foundation, the Aave Companies, Hedera, Binance.us, and Civic announced last week “the launch of a new community-powered scam reporting platform,....
Retired soccer player Ronaldinho Gaúcho has been accused of an alleged $61 million cryptocurrency scam. And after being missing in action for two hearings, the Brazilian Legend has finally spoken up. Ronaldinho’s Casualties Soccer star Ronaldinho Gaúcho has denied any involvement in the “18K Ronaldinho” $61 million pyramid scheme despite the firm responsible for the […]