🚀 BIG NEWS! 🚀

HASHDEX just launched Brazil's FIRST spot $XRP ETF! 🔥
Another huge step forward for crypto adoption in Latin America! 🌎💥

Are you ready for the future of finance? 👀
#xrp #Hashdex #cryptonews #ETF #Brazil

🚨 BREAKING: Brazilian fintech *Méliuz* just invested 10% of its cash reserves into #bitcoin — and they're telling shareholders more buys are coming! 👀💰

🔥 Corporate adoption is accelerating — who’s next?

#BTC #cryptonews #BitcoinAdoption #BULLISH

🚨 Clynton Marks Detained in Connection with South African Bitcoin Ponzi Scheme (MTI)

Clynton Marks, the alleged mastermind behind the South African Bitcoin Ponzi scheme Mirror Trading International (MTI), has been detained following his failure to provide satisfactory answers to liquidators regarding Bitcoin withdrawals from his MTI account. Marks claimed, "I am doing my best to respond to all questions, but my memory is insufficient to recall all the transactions. Additionally, I am unable to contact the individuals who managed the account on my behalf." Previously, Marks had entrusted investment and withdrawal operations to two associates, Don Nkomo and Andrew Caw. In 2022, Marks, along with MTI CEO Johann Steynberg and others, was ordered to repay $291 million to defrauded investors.

### Background on MTI's Downfall
MTI, once promoted as a lucrative Bitcoin and forex trading platform, promised investors monthly returns of 10%. However, it was later exposed as a fraudulent Ponzi scheme. In 2023, the Western Cape High Court declared MTI an illegal operation, invalidating all agreements with investors. Despite appeals, the ruling remains in effect. Steynberg, arrested in Brazil, is currently facing extradition, while the U.S. Commodity Futures Trading Commission (CFTC) is pursuing a $1.73 billion claim against the scheme.

South African liquidators, in coordination with international authorities, are working to recover assets, including approximately 29,421 Bitcoins, to compensate affected investors.

#CryptoFraud #bitcoin #cryptocurrency

Jeff Bezos-backed startup Stark is now the largest investor in Bitcoin and crypto firms in Brazil.

https://www.bloomberg.com/...

#bitcoin