🇬🇷 Greek police arrested 17 people, including 9 military personnel, over an alleged cryptocurrency investment fraud network.
💰 Authorities say the scheme reportedly attracted at least 10,000 people and around $8M flowed through the platform. Investigators allege participants were promised to double their money in 50 days and were encouraged to recruit new investors.
⚠️ Police also seized €295,090 in cash along with phones, computers and storage devices. The suspects remain allegations at this stage as the investigation continues.
👀 Big red flags: guaranteed returns, rapid doubling promises and rewards for recruiting others.
⚠️ BitGo CEO Warns of U.S. Crypto Market-Structure Risk
🏦 BitGo CEO Mike Belshe says the stalled CLARITY Act could leave U.S. crypto markets exposed to risks from firms combining exchange, brokerage, and custody under one roof.
🔐 His concern: too much activity concentrated in one institution could create a single point of failure if something goes wrong.
📌 The CLARITY Act failed to advance in the Senate in September, leaving parts of the proposed market-structure framework unresolved.
👀 Could market structure become the next major U.S. crypto regulation debate?