Security· ★★· bearish·

Greek police shut down FXO crypto pyramid, detain 17 people

  • —FXO promised to double deposits in 50 days and signed up at least 10,000 clients
  • —About $8 million passed through the platform; 18 victims lost $62,700
  • —Police detained 17 people and seized €295,090 in cash and equipment in five offices
  • —Greece's HCMC confirmed FXO had no license for investment services
Why it matters: The case shows crypto pyramids in the EU still raise millions, with regulators acting only after victims emerge.
Source: BitNovosti
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