🚨 The National Police have dismantled a pyramid scheme involving cryptocurrencies in Málaga, Murcia, and Madrid, resulting in eight arrests and over 3,600 victims, most of them in Spain. The fraud amounted to more than 30 million euros through fraudulent investments in bitcoins. (cadenaser.com)
💡 How did they operate?
• Promises of impossible returns: They offered up to 40% profit in a month or up to 300% in a year.
• Fake online platform: They attracted investors through the internet and social media, showing a legal facade.
• Pyramid scheme: Initial profits were paid with money from new investors, collapsing when they tried to recover their capital.
👀 How to protect yourself from these scams?
• Be suspicious of high returns: If it sounds too good to be true, it probably is.
• Verify legality: Make sure the entity is authorized by official organizations.
• Avoid pyramid schemes: Be suspicious if they ask you to recruit new clients to earn more profits.
🔻 Share this information so that more people are aware and can avoid falling into these types of fraud.
🔗 #criptonews #InvestSmart #bitcoin #CRIPTOHINDUSTAN #BinanceAlphaAlert 
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