Brazil: “king of bitcoin” taken into custody
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.
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