In a shocking revelation, a Brazilian crypto lending company has announced it has stopped withdrawals due to an attack. A representative of the company BlueBenx said that the company suffered a hack worth $ 32 million. The company promises users high returns by investing in cryptocurrencies. This leads to the question of whether the alleged Brazil crypto scam is real or not. The company has promised returns of up to 66% on crypto investments.
BlueBenx Stops Withdrawals through Alleged Hack
according to Brazil news report, BlueBenx users don’t believe the company’s narrative about the hack. The report quoted users as saying that the hacking argument was just an excuse to cover up the scam. “I think there is a high probability that it is a scam because all this hacking seems like something they made,” said the user. Colin Wucrypto journalist, revealed that the company has fired the majority of its employees, raising suspicions.
“Users of BlueBenx, a Brazilian cryptocurrency investment platform with more than 22,000 users, can no longer withdraw funds, which promises returns of up to 66% by investing in cryptocurrencies. BlueBenx claims to have been hacked and fired most of its employees.
According to a recent study, hackers trick users with a accounting for $14 billion in cryptocurrencies in the last calendar year. If it happens that BlueBenx comes out as a Brazilian crypto scam, it may reduce the confidence of investors in crypto companies. BlueBenx claims to be a “high-performance crypto platform” that offers regular interest on crypto investments. Users are promised additional liquidity and many rewards. Founded in 2017, BlueBenx develops products and solutions related to blockchain and cryptocurrencies, according to its website.
Increasing Cases of Crypto Fraud
Last month, the founder of MBI, who allegedly cheated millions of dollars in cryptocurrency, was arrested. At MBI group defrauded more than 400 people in China of more than 100 million yuan in crypto.
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