Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC

Cointelegraph

Published Jul 06, 2021 02:22AM ET

Updated Jul 06, 2021 04:00AM ET

Self-described “Bitcoin King,” Claudio Oliveira, has been arrested and charged by Brazilian federal police for allegedly masterminding a 1.5 billion reais (roughly $300 million) fraud scheme involving crypto.

Oliveria served as the president of Bitcoin Banco Group, a Brazilian crypto brokerage firm that has been under investigation since 2019 claiming to have lost 7,000 BTC in investor funds.

Continue Reading on Coin Telegraph