Tag: bitcoin bank
Paxos, a licenced financial institution developing infrastructure...
Claudio Oliveira, the operator of Brazil's Bitcoin Bank and dubbed the "King of Bitcoin," was arrested on 5th July 2021 for his alleged involvement in a $300 million fraud scam. Oliveira allegedly staged a Bitcoin breach in 2019 in which his firm lost a substantial quantity of bitcoin, according to federal investigators. This phoney attack resulted in the loss of money for over 7,000 clients.