🚨 Crypto Fraud: How TeraBlock $360M Pyramid Scam Shattered Trust—and Lives 💥
🗓️📰What Happened and When?
In early August 2025, protests erupted outside the Attorney General’s office in Tijuana, Mexico. Around 1,200 victims—spanning Mexico, the United States, and other Latin American countries 🌎—accused the company High Lever Capital/TeraBlock of orchestrating a sprawling cryptocurrency pyramid scheme, reportedly defrauding them of approximately $360 million 😱.
🔺🎭Modus Operandi
Victims say TeraBlock pitched an enticing investment plan in cryptocurrency, promising high returns and “cutting-edge” blockchain trading 📈.
Under the hood, it was a classic Ponzi/pyramid hybrid: early investors were paid with money from new participants. Once fresh deposits slowed, withdrawals were frozen, and the scheme unraveled.
💔Who Are the Victims?
About 1,200 people from Tijuana, Baja California, southern U.S. states, and even expats in Central America report losing their life savings, property, or borrowed funds 💸. Some individual losses exceeded hundreds of thousands of dollars 😢.
🕵️♂️Who Are the Fraudsters?
The operation was carried out under the names High Lever Capital and TeraBlock. While victims have identified company representatives, authorities have not yet released official names of the masterminds.
🚓Arrest, Litigation, Charges, Conviction⚖️
📌 Current Status:
■Arrests: None confirmed.
■Charges: Pending investigation.
■Convictions: None so far.
■Legal Action: Victims are pressuring the Baja California prosecutor’s office for urgent action, staging loud demonstrations outside government buildings .
📢Conclusion:
The $360M TeraBlock scam is a cross-border tragedy, highlighting the need for tighter crypto rules, global law enforcement collaboration, and public vigilance 🛑.
Without quick action, the culprits could vanish, leaving victims with only losses and a stark warning: not all that glitters in crypto is gold ⚡💔.