**Brazil Shaken Again: Braiscompany Crypto Ponzi Scheme Defrauds 20 Thousand Investors!**
The largest Ponzi scheme in the Brazilian crypto industry has finally reached its legal conclusion. The operator of Braiscompany, a platform that claimed to provide high returns through digital assets, has been sentenced to a total of more than 128 years in prison after being found guilty of defrauding over 20,000 investors. The total losses incurred are estimated to reach $190 million.
This case serves as a stark warning to the crypto world that regulation and transparency are crucial amidst the rampant promises of instant profits. Braiscompany had attracted the attention of many retail investors in Brazil through aggressive marketing before ultimately collapsing and being exposed as a Ponzi scheme. This could also trigger a wave of new regulations against crypto projects in Latin America.
