According to WuSay, Argentine lawyers revealed that about 20,000 people in the city of San Pedro invested in a fake USDT-themed cryptocurrency project promoted by unknown actors.

Traders promised investors to double their money within six weeks and provided daily returns of 1-2%. Many residents, including retirees, invested their entire savings.

At least 50 victims are preparing to file a lawsuit against the company, Knight Consortium, which is unregistered and has no legal support, and the case is under investigation.