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Binance, the world's largest crypto exchange, was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September 2022.
In October 2017, Ruja Ignatova boarded a plane in Sofia, Bulgaria, and vanished. She hasn't been seen since.
"Literally 90% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is going bust," economist Nouriel Roubini said.
A joint effort by Eurojust and Europol saw law enforcement take down call centers promoting bogus crypto investment opportunities.
It all started with a harmless WhatsApp message, says the 54-year-old victim who had to borrow money from his wife and friends to get into the bogus deal