ChainCatcher news, according to the official website of the U.S. Department of Justice, Brazilian man Douver T. Braga has been extradited from Switzerland to the United States for his involvement in a $290 million Bitcoin Ponzi scheme and appeared in federal court in Seattle.He is charged with 12 counts of wire fraud and 1 count of conspiracy to commit fraud, with a maximum sentence of 20 years in prison. The Trade Coin Club (TCC) operated by Braga claimed to profit using "advanced algorithms," but it was actually a Ponzi scheme that defrauded 82,000 Bitcoins, with at least $50 million flowing directly into personal accounts.

ChainCatcher news, according to Freepressjournal, the special PMLA court in India has rejected the release request of Hemant Bhope and his wife Lata. The couple is accused of being involved in one of India's largest Bitcoin Ponzi schemes, reportedly involving a Delhi-based company, Variabletech Pvt Ltd (VTPL). The defendants conspired to lure investors into purchasing Bitcoin and encouraged others to invest in the company's fraudulent activities, with the scheme amounting to as much as 66.06 billion rupees.