Cryptocurrency and Blockchain News From Brazil: Oct. 28-Nov. 3 in Review

Brazil has seen another tumultuous week in the cryptocurrency industry, as the alleged pyramid scheme Atlas Quantum upsets it customers yet again, another six individuals linked to the Unick Forest crypto scheme are arrested, and the founder of A2 Trader challenges Brazilian regulators to shut down his trading website.

Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Brasil.

This time clients are upset over the price difference in the 'withdrawal in reals' operation, suggested by the company's CEO, Rodrigo Marques, to solve the company's problem of withdrawals.

Apparently, the company sold Bitcoin from disgruntled users at a massively discounted price of $5,500 but resold the same coins for $11,710, more than 50% of the value offered to the company's blocked customers.

On Oct. 26, Cointelegraph Brasil reported that a federal court ordered the detention of another six individuals suspected of participating in the activities of Unick Forex, a company that is accused of several crimes, including money laundering, and being a cryptocurrency investment scheme.

When arrested, these individuals will be joining nine other arrestees, including the president of the company Leidimar Lopes.

Alves further stated that no government can touch the money of investors and that the sites that report complaints about A2 Trader do so because they are "Paid for it." He added that if the CVM would proceed to shut down his trading website, he would just open another one, on servers abroad.Genbit user goes to court to block the company's bank accounts.

The Sao Paulo Court of Justice granted an urgent injunction to a client of crypto exchange GenBit to block the company's bank accounts.

Even though its activities have been investigated by the Brazilian regulators, Midas Trend, which offers investment packages through Bitcoin and cryptocurrency operations, sponsored a French Premier League game at the end of October.

Midas Trend customers have been complaining about the company on social networks, stating that the investment platform is inaccessible and that it is not possible to talk to the company.