๐๐๐ซ๐๐ ๐ฎ๐๐ฒ ๐๐จ๐ฌ๐ญ $๐๐+ ๐ญ๐จ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐๐ฆ๐ฌ ๐๐ง๐ ๐๐จ๐ง๐ณ๐ข ๐๐๐ก๐๐ฆ๐๐ฌ ๐ข๐ง ๐๐๐๐-๐๐๐๐
Over $4 billion has flowed through fake crypto platforms in Paraguay โ and most victims didnโt even realize it.
โค What happened?
According to Diosnel Alarcon, head of Paraguayโs cybercrime police, scammers used fake crypto platforms and Ponzi schemes to move billions of dollars from unsuspecting investors.
These schemes exploded across social media and fake exchanges, offering โguaranteed profitsโ โ but were really just digital traps.
โค How they tricked people:
Fake platforms showed small early gains to gain trust
Victims received fake balances in accounts they thought were real
They waited up to 4 months before realizing the money was gone
Middlemen helped spread the scam by luring in new investors who didnโt understand how crypto works.
โค Why Paraguay?
While some scams were based overseas, they used Paraguayan bank accounts and crypto platforms to move funds, making the country a major transit hub for illegal crypto flows.
โค Can victims get their money back?
Crypto transactions are 100% traceable, Alarcon said โ but itโs hard to recover funds due to slow international cooperation and privacy laws.
Acting fast is key:
โIf fraud is reported quickly, we can freeze the funds before they leave the country.โ
Stay sharp:
If a platform promises โguaranteed profitsโ in crypto โ itโs probably a scam.