Chile issues alert against cryptomorphic pyramids and cites Airbit Club, One Coin and Bitcoin Vault

20 companies that would have promoted fraud using cryptomyces were listed on alert in Chile

Chile issues alert against cryptomorphic pyramids and cites Airbit Club, One Coin and Bitcoin Vault

A Chilean entity dedicated to combating fraud using cryptomoreds issued an alert in the country against 20 companies that promote fraud using cryptomoreds, many of them known in Brazil.

According to Livecoins, the Chilean Cryptotechnology Association, a reference in the fight against crypto fraud in the country, promotes the education of the population about cryptoesphere.

The growth of pyramids and frauds, as happened in Brazil in 2019, led the association to issue an alert against the following companies: Bitcoin Vault, AirBit Club, OneCoin, Trust Investing, Bitcheke, EasyBizzi, iMarkets Live (IM Mastery Academy), Bitcoin Value, Mind Capital, Forsage, Toway Group, NeuronetMX, Dyzine, Kuailian, Kuvera, Stratus Academy, iComTech, Weltsys and Aenternam Group.

Among the best known names, OneCoin is the most relevant, for commanding frauds in several countries of the world. The leader of the international pyramid, Ruja Ignatova, has been on the run for years, with no trace of her whereabouts. At the height of OneCoin, she participated in TV shows and major events talking about the „success“ of the currency, which was not even based on blockchain: it was just an illusion to attract victims to the business.

The AirBit Club is well known in Brazil, even being sold in services of the Universal Church of the Kingdom of God, as reported by Cointelegraph Brasil. One of the leaders of the pyramid was arrested in the United States recently.

And finally Bitcoin Vault, which draws attention in the list, is a project that was born as a „copy“ of Bitcoin. Authorities elsewhere in the world have already issued warnings against the currency, as in the Philippines, where the Securities and Exchange Commission classified it as a Ponzi scheme.

The creators of cryptomoeda, which has been melting in the markets, form Mining City, a company that supposedly promotes cloud mining and profits with Bitcoin Vault. With the currency losing value at galloping speeds, the arguments in favor of it have been rare.

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