A report from Coindesk has revealed that Brazil’s ‘Bitcoin King’ Claudio Oliveira was arrested for allegedly embezzling $300 million. An official press release showed that the rest had come after law enforcement agents had carried out a three-year-long investigation. Law enforcement had been investigating the alleged fraudulent company founded by Oliveira. Claudio Oliveira who is the president of Bitcoin Banco Group is better known by the moniker ‘The Bitcoin King.’

July 06, 2021 at 02:25PM
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