Brazil noticed one other week of stories on alleged cryptocurrency scams because the Sao Paulo Courtroom ordered to dam the belongings managed by Unick Foreign exchange, whereas one other agency was reported of promising 400% returns by a cryptocurrency funding scheme.

Right here is the previous week of crypto and blockchain information in assessment, as initially reported by Cointelegraph Brasil.

Unick Foreign exchange reportedly flees places of work however apparently will resume operations

Following a police investigation of purported funding scheme Unick Foreign exchange, workers reportedly fled the agency’s places of work with computer systems and different {hardware} in tow. Cointelegraph Brasil reported on Sept. 20 that, in keeping with the directors of the constructing that housed the corporate, the rooms that belonged to Unick have already been handed over and are able to be rented.

On Oct. 1, Leidimar Lopes, the president of Unick Foreign exchange, revealed an official assertion claiming that the agency will proceed to function as regular, following a purported improve to the platform. The manager pressured that the agency can pay its prospects by an extrajudicial settlement, promising that every one shoppers will be capable of withdraw their funds as requested.

Within the assertion, Lopes famous that Unick Foreign exchange shouldn’t be an funding platform, however reasonably an academic platform for sharing content material in areas reminiscent of on-line advertising, private finance, monetary markets and cryptocurrencies.

Unick Foreign exchange’s belongings blocked by court docket

Subsequently, the Sao Paulo Courtroom of Justice reportedly ordered to dam the belongings managed by Unick Foreign exchange, granting an pressing injunction request to a consumer that complained about delay withdrawals from the platform. Based on a court docket order revealed on Oct. 3, Unick Foreign exchange is free to enchantment the choice.

Unick Foreign exchange was beforehand ordered to pay $28,500 to a consumer who filed a lawsuit in opposition to the corporate for a delay in platform withdrawals. 

Leaked: GBB CEO owns 25,000 Bitcoin

Additionally this week, Cointelegraph Brasil reported that the CEO of Brazilian cryptocurrency agency Grupo Bitcoin Banco (GBB) claimed 25,000 Bitcoin (BTC), value $196 million at press time, in a 2018 submitting with the Division of Federal Income in 2019.

As urged by authorized consultants, CEO Claudio Oliveira’s private funds might doubtlessly be used to cowl the GBB’s debt to its prospects. The alleged reality of Oliveira holding over $200 million in crypto was unveiled amid GBB’s authorized points and an ongoing police investigation, as reported in late August.

New investigation of YouXWallet

On Sept. 30, Cointelegraph Brasil reported on one other alleged crypto pyramid scheme working in Brazil and Portugal. YouXWallet, an Estonia-based foreign exchange and crypto trade, is reportedly accused of working a monetary pyramid promising a 400% return to buyers, in keeping with an investigation by multi-level advertising (MLM) analysis agency Behind MLM.

Based on stories, YouXWallet is already being investigated by the Securities and Alternate Fee of Brazil (CVM) because the agency is suspected to be concerned in a monetary pyramid scheme.

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