Brazillian Police Raid ‘Bitcoin Sheikh’ for Defrauding Victims of $766M: Report
Another day, another Ponzi. Yesterday morning, 100 police agents spread across three of Brazil’s federal states raided 20 addresses linked to a crypto fraud network controlled by Francisco Valdevino da Silva, aka “Sheikh dos Bitcoins.” De Silva’s group is suspected of having defrauded and laundered up to 4 billion Brazilian reals (about $766 million) from “thousands” of Brazilians and citizens from at least ten other countries, according to the authorities.
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