OmegaPro Co-Founder Arrested for $4 Billion Crypto Ponzi Scheme

IconCryptoNewsTerminal Staff22 Aug, 2024

cryptonews.jpg

OmegaPro Co-Founder Arrested for $4 Billion Crypto Ponzi Scheme

OmegaPro, a cryptocurrency investment platform, has been accused of running a Ponzi scheme that defrauded investors of $4 billion. Co-founder Andreas Szakacs was arrested in Turkey in July 2023 for his alleged involvement in the scam. Turkish authorities have seized 32 cold wallets and computers belonging to OmegaPro and have traced the movement of $160 million in cryptocurrency. The platform reportedly ceased operations in 2022. This news is a stark reminder of the risks associated with investing in cryptocurrency. Investors should always do their research and only invest with reputable platforms. ```