Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme.
Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil.
Unick Forex reportedly flees offices but apparently will resume operationsFollowing a police investigation of purported investment scheme Unick Forex, staff reportedly fled the firm's offices with computers and other hardware in tow.
On Oct. 1, Leidimar Lopes, the president of Unick Forex, published an official statement claiming that the firm will continue to operate as normal, following a purported upgrade to the platform.
In the statement, Lopes noted that Unick Forex is not an investment platform, but rather an educational platform for sharing content in areas such as online marketing, personal finance, financial markets and cryptocurrencies.
Unick Forex's assets blocked by courtSubsequently, the Sao Paulo Court of Justice reportedly ordered to block the assets managed by Unick Forex, granting an urgent injunction request to a client that complained about delay withdrawals from the platform.
According to a court order published on Oct. 3, Unick Forex is free to appeal the decision.
The alleged fact of Oliveira holding over $200 million in crypto was unveiled amid GBB's legal issues and an ongoing police investigation, as reported in late August.
On Sept. 30, Cointelegraph Brasil reported on another alleged crypto pyramid scheme operating in Brazil and Portugal.
YouXWallet, an Estonia-based forex and crypto exchange, is reportedly accused of operating a financial pyramid promising a 400% return to investors, according to an investigation by multi-level marketing research firm Behind MLM. According to reports, YouXWallet is already being investigated by the Securities and Exchange Commission of Brazil as the firm is suspected to be involved in a financial pyramid scheme.
Crypto News From Brazil: Sept. 30-Oct. 6 in Review
Published on Oct 6, 2019
by Cointele | Published on Coinage
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