Greek Soldiers Among Alleged Leaders of $8M Crypto Pyramid Scheme

Key Summary

Greek authorities have arrested nine suspects, including two servicemen, over a cryptocurrency pyramid scheme that allegedly generated $8 million from approximately 10,000 investors. The scheme, which began with an association for AI enthusiasts, involved recruiting members, who were then asked to invest in a cryptocurrency project. Investors were promised a guaranteed return of double their investment, with those considered "VIPs" being asked to pay €5,000. The alleged proceeds from the scheme total around €8 million.