Spain Arrests Leader of €260 Million Cryptocurrency Ponzi Scheme
BlockBeats News, November 9, the Spanish National Guard has arrested a suspect accused of leading a 260 million euro cryptocurrency-related Ponzi scheme. The individual is alleged to have operated an international investment scam called the "Madeira Invest Club." This Ponzi scheme attracted more than 3,000 victims by offering contracts guaranteeing returns linked to digital art, luxury vehicles, whiskey, real estate, and cryptocurrency. Authorities confirmed that no real economic activity took place. The investigation, which involved Europol and international law enforcement agencies, uncovered a complex network of shell companies and bank accounts spanning at least 10 countries.
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MoreData: If ETH falls below $3,341, the cumulative long liquidation intensity on major CEXs will reach $1.155 billions
Data: In the past 24 hours, total liquidations across the network reached $235 million, with long positions liquidated for $95.18 million and short positions liquidated for $140 million.
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