Greek police dismantle crypto pyramid scheme promising to double capital in 50 days
- —17 people arrested, nine more suspects named in the case
- —Scheme recruited at least 10,000 participants and raised about $8 million
- —18 identified victims invested a combined 55,970 euros
- —Police seized 295,090 euros in cash, 28 computers and 32 phones
Why it matters: The case highlights the scale of crypto pyramid schemes in Europe and the risks of guaranteed-return promises for retail investors.
Source: Journal du Coin