The story of Brazil’s crypto scams took a brand new twist over the previous week as CEO of an alleged Great Pyramid scheme reportablely fled the nation after rejecting court docket deadlines.

Here is the previous week of crypto and blockchain information in evaluate, as at first reportable by Cointelegraph Brasil.

Banco Original sponsors a crypto-related occasion

Brazil’s Banco Original was the principal sponsor of the Expo Boa Chance, a significant fintech convention delivery put together medium of exchange establishments, construction advertising and cryptocurrency-related corporations, Cointelegraph Brasil reportable on Oct. 6. Held at Expo Dom Pedro in Campinas, the occasion reportablely hosted greater than 20,000 entrepreneurs.

According to Cointelegraph Brasil, many crypto-related firms on the occasion corresponding to B2Ccoin and DD Corporation will not be authorized by Brazil’s Securities and Exchange Commission (CVM) to function inside the nation. Moreover, a number of the firms are alleged to be concerned in medium of exchange Great Pyramid schemes, the report notes.

Unick Forex recoups a buyer as ordered by court docket

On Oct. 9, supposed funding scheme Unick Forex dead a court docket order to recoup one among its shoppers. Beforehand, the corporate issued a public assertion claiming that they power exclusively recoup these clients who had obtained their fee vouchers.

As beforehand reportable, the Sao Paulo Court of Justice ordered a block on Unick Forex-managed property final week, following a causa about delay withdrawals from the platform. The court docket at last ordered Unick Forex to pay $28,500 to a shopper who filed a score con to the corporate.

Previously, Unick Forex’s president argued that the corporate just isn’t an funding platform, all the same moderately an education-focused platform.

Atlas Quantum’s CEO flees Brazil

The CEO of Brazillian funding inauguration and alleged Great Pyramid scheme Atlas Quantum has reportablely left Brazil for Netherlands, as reportable on Oct. 10. According to Cointelegraph Brasil, the agency’s CEO Rodrigo Marques fled the nation together with his house shortly after a public hearing to earlier than the House of Representatives, dismissing the safety employees that used to accompany him all over the place.

Meanwhile, Atlas Quantum’s client support denied the information to Cointelegraph, claiming that Marques was in Sao Paulo making an attempt to work out due withdrawals points on the platform. Following an info request, the Federal Police of Brazil reportablely explicit that Marques is free to cross borders as there isn’t any conviction or any court docket order fillet him from doing so.

As reportable in mid-September, Atlas Quantum rejected court docket deadlines to resolve its delayed Bitcoin (BTC) withdrawals on its platform. On Sept. 17, the Federal Court of Brazil dominated that the alternate’s actions could represent a medium of exchange Great Pyramid and ordered to instantly freeze the corporate’s property. On Oct. 2, main crypto alternate HitBTC denied allegations that it was concerned in freeze Atlas Quantum’s funds, claiming that the offered proof was solid.