Security· ★★★· bearish·

Brazil's Federal Police investigate Paulo Guedes over alleged OnilX crypto pyramid

  • —The inquiry was opened on Feb. 10, 2026 and is sealed at the 9th Federal Court of Curitiba
  • —OnilX promised up to 2.8% monthly returns; 108 lawsuits were filed against it between June 12 and Sept. 10, 2026
  • —Guedes reportedly advised the company, joined strategy meetings and lent his image to marketing materials
  • —Brazil's CVM had already acted against OnilX over securities intermediation; the firm denies wrongdoing
Why it matters: The case links a crypto pyramid probe to a former top official, raising regulatory scrutiny of Brazil's digital asset market.
Source: BeInCrypto BR
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