Brazil: $193m ‘Crypto Pyramid’ Firm Declared Bankrupt

Indeal, the Brazilian company behind a suspected crypto pyramid scheme worth some $193 million, has declared bankruptcy. The firm was at the heart of a major police operation back in May 2019. The police dubbed their operation Operation Egypt and worked in conjunction with the nation’s tax agency to arrest several Indeal-linked individuals. Officers searched 25 addresses and confisctaed items including precious stones and luxury cars.... Read More: Brazil: $193m ‘Crypto Pyramid’ Firm Declared Bankrupt