PANews February 3 News, the suspect in the Argentine cryptocurrency scam Generación Zoe, Rosa María González, was arrested by police in San Cristóbal, Táchira State, Venezuela. The scam caused tens of thousands of investors to lose over $120 million. González is accused of fleeing with 611 Bitcoins (worth approximately $56 million) after the scam collapsed in 2022.
Generación Zoe claimed to provide investors with returns of up to 7.5% through a market prediction robot and its own gold-backed crypto assets. However, investigations revealed it was a Ponzi scheme, using new investors’ funds to pay dividends to old investors. González also claimed that her developed trading algorithm had “quantum security” features, with monthly returns as high as 70%.
It is reported that González used a private security company in Buenos Aires to evade police capture, then fled to Venezuela and attempted to plan a new scam with her former partner. Currently, the complex diplomatic situation makes extradition to Argentina challenging. Argentine police hope she will tell the truth and help recover investors’ losses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Expert Says Bear Trap Setup Is a Fakeout, Bitcoin Price Could Surge and Hit $230,000 ATH
Expert says bear trap setup is a fakeout.
Bitcoin price could surge and hit $230,000 ATH.
Analysts debate between bullish and bearish outcomes.
The crypto community is pleased to see the price of Bitcoin (BTC), the pioneer crypto asset, surge to hit higher price ranges. In the last cou
CryptoNewsLand27m ago
Trader Maji Closes HYPE Long Position; Current BTC and ETH Longs Exceed $80M
Gate News message, April 23 — Trader Maji closed his entire HYPE long position 3 hours ago, according to Hyperbot data. He currently maintains a 25x leveraged Ethereum long position holding 18,000 ETH
GateNews28m ago
Kevin O'Leary Says Only Bitcoin and Ethereum Are "Worth Owning" Among Cryptocurrencies
Gate News message, April 23 — Renowned investor Kevin O'Leary stated that only Bitcoin and Ethereum deserve a place in investment portfolios, according to remarks made on the Varney & Co. program. The President of O'Leary Ventures said he has restructured his crypto holdings after years of
GateNews36m ago
Hyperscale Data Adds 13.2 BTC, Total Holdings Reach 663.31 Bitcoin
Gate News message, April 23 — Hyperscale Data, a publicly traded company on U.S. stock exchanges, increased its Bitcoin holdings by 13.2 BTC, bringing its total position to 663.31 BTC.
GateNews42m ago
Bitcoin Futures-Spot Spread on Major CEX Reaches Nearly 1% Amid Liquidation Spike
Gate News message, April 23 — A major centralized exchange experienced a significant futures-spot price spread on BTC/USDT over the past hour. Spot prices fell to $77,174.01 while futures dropped to $76,504.60, creating a spread of $669.41, or approximately 0.87%. The spread has since narrowed,
GateNews1h ago
BTC Could Trigger $2.181B in Short Liquidations at $81,143; $1.003B Long Liquidations Below $74,177
Gate News message, April 23 — According to Coinglass data, if BTC breaks above $81,143, cumulative short liquidations across major CEXs could reach $2.181 billion.
Conversely, if BTC falls below $74,177, cumulative long liquidations across major CEXs could reach $1.003 billion.
GateNews1h ago
