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Crypto and Blockchain News From Brazil: Oct. 6-12 in Review

The tale of Brazil’s crypto scams took a brand new twist during the last week as CEO of an alleged pyramid scheme reportedly fled the rustic after rejecting court docket closing dates.

Here’s the previous week of crypto and blockchain information in evaluate, as initially reported through Cointelegraph Brasil.

Banco Authentic sponsors a crypto-related tournament

Brazil’s Banco Authentic was once the primary sponsor of the Expo Boa Probability, a significant fintech convention bringing in combination monetary establishments, mlm and cryptocurrency-related companies, Cointelegraph Brasil reported on Oct. 6. Held at Expo Dom Pedro in Campinas, the development reportedly hosted greater than 20,000 marketers.

Consistent with Cointelegraph Brasil, a lot of crypto-related corporations on the tournament similar to B2Ccoin and DD Company don’t seem to be licensed through Brazil’s Securities and Alternate Fee (CVM) to function within the nation. Additionally, probably the most corporations are purported to be interested in monetary pyramid schemes, the document notes.

Unick The Forex market reimburses a buyer as ordered through court docket

On Oct. nine, purported funding scheme Unick The Forex market achieved a court docket order to reimburse one in all its purchasers. Previously, the corporate issued a public observation claiming that they might simplest reimburse the ones consumers who had got their fee vouchers.

As in the past reported, the Sao Paulo Courtroom of Justice ordered a block on Unick The Forex market-managed property ultimate week, following a lawsuit about extend withdrawals from the platform. The court docket in the end ordered Unick The Forex market to pay $28,500 to a shopper who filed a criticism in opposition to the corporate.

Prior to now, Unick The Forex market’s president argued that the corporate isn’t an funding platform, however relatively an education-focused platform.

Atlas Quantum’s CEO flees Brazil

The CEO of Brazillian funding startup and alleged pyramid scheme Atlas Quantum has reportedly left Brazil for Netherlands, as reported on Oct. 10. Consistent with Cointelegraph Brasil, the company’s CEO Rodrigo Marques fled the rustic together with his circle of relatives in a while after a public listening to earlier than the Space of Representatives, brushing aside the protection personnel that used to accompany him in every single place.

In the meantime, Atlas Quantum’s customer support denied the inside track to Cointelegraph, claiming that Marques was once in Sao Paulo seeking to determine late withdrawals problems at the platform. Following a knowledge request, the Federal Police of Brazil reportedly stated that Marques is loose to pass borders as there is not any conviction or any court docket order fighting him from doing so.

As reported in mid-September, Atlas Quantum rejected court docket closing dates to get to the bottom of its behind schedule Bitcoin (BTC) withdrawals on its platform. On Sept. 17, the Federal Courtroom of Brazil dominated that the trade’s actions might represent a monetary pyramid and ordered to instantly freeze the corporate’s property. On Oct. 2, main crypto trade HitBTC denied allegations that it was once interested in freezing Atlas Quantum’s finances, claiming that the equipped proof was once cast.

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