20,000 people in Argentina fall victim to a fraudulent crypto project related to USDT, and the victims have filed a lawsuit
ChainCatcher news, according to CryptoNews, up to 20,000 people in San Pedro, Argentina have been caught up in a fraudulent crypto project related to USDT, which was promoted by some unknown actors.
Lawyers state that the platform's operators promised to double investors' funds within six weeks and offered some investors daily returns of 1% to 2% in USD. Currently, at least 50 victims are preparing to file a lawsuit against a company named Knight Consortium. This company operates a crypto platform called "RainbowEx," but it is not registered or legally supported.
Among the victims are some retirees, and some investors have been unable to withdraw their funds for three weeks, causing widespread panic.
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