Crypto Pyramid Scheme

Highlights: Braiscompany raised R$1.11 billion from 20,000 investors through fake crypto promises. Joel Ferreira received a 128-year sentence for operating a pyramid scheme. The court seized R$36 million from those convicted in the Braiscompany case. A federal court in Brazil […]

Highlights: Zhang Moumou, leader of the crypto pyramid scheme, was extradited to China. China’s “Hunting Fox” group, established with Thailand, facilitated Zhang’s return after a complex process. The case highlights successful bilateral cooperation and enforcement against illegal crypto operations. The […]