Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud

king of bitcoinClaudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which his company lost a significant amount of bitcoin. More […]

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