South Korea has closed the Bitcoin pyramid for $ 20 million

In February, South Korean customs found violations of the exchange of foreign money for cryptocurrency. By the established rules of exchange then were $ 600 million. Now the local regulator has fined two organizers of Bitcoin pyramid, which raised over $ 20 million. This writes Coindesk.

How to invest in ICO and not lose everything

The founders of the pyramid, whose names were not disclosed, in 2015, has attracted investors from 26 billion won. The depositors, they promised high returns from investing in Bitcoin.

Court of the city of Incheon on April 19 entrepreneurs were fined 15 and $ 8 million. Representatives of the South Korean Prosecutor’s office noted that the amount recovered will ensure the payment of compensation to depositors.

Financial pyramids represent a threat to social-economic order and bear the risks for citizens.

At the same time, China discuss measures to combat the emergence of a network of financial pyramid schemes, associated with investing in cryptocurrency. April 18, police detained the founders of the national scheme, which managed to collect $ 13 million from 13 investors.

Earlier, Vietnamese authorities began an investigation into Modern Tech startup, which appropriated $ 660 million. ICO Modern Tech from the beginning resembled a pyramid scheme. Investors are offered a yield of 570 per cent per annum and 8 percent of the invested amount for attracting new participants in initial offering.

Subscribe to our channel in the Telegram. There are a lot of memes and knowledge.

0 Comments on “South Korea has closed the Bitcoin pyramid for $ 20 million”

  1. Thanks for the guidelines you have provided here Something important I would like to talk about is that pc memory requirements generally rise along with other advances in the know-how For instance, whenever new generations of processors are introduced to the market, there’s usually a corresponding increase in the dimensions preferences of all computer system memory plus hard drive room This is because the application operated by these processors will inevitably increase in power to make new technologies

  2. Do you want to mine cryptocurrency, but do not know where to start? Try CryptoTab – the world’s first browser with built-in mining Not only is it fast and easy to use – it will make web surfing profitable! bit ly 2Gb9MKR

  3. I simply want to say I’m beginner to blogs and certainly savored your web blog Most likely I’m going to bookmark your site You definitely come with awesome articles Thanks a lot for sharing with us your blog

  4. I’m curious to find out what blog system you are using? I’m experiencing some small security problems with my latest website and I would like to find something more risk-free Do you have any suggestions? Please visit my blogpost about mining Bitcoin for FREE

Leave a Reply

Your email address will not be published. Required fields are marked *