CoinVoice has recently learned that according to CryptoNews, as many as 20,000 people in San Pedro, Argentina, were involved in a fake USDT-related crypto project promoted by some unknown actors.
Lawyers said the platform operator promised to double investors' funds within six weeks and provide some investors with daily returns of 1% to 2% in US dollars. At present, at least 50 victims are preparing to file a lawsuit against a company called Knight Consortium. The company operates a crypto platform called "RainbowEx" but has not registered or obtained any legal support.
The victims include some retirees, and some investors have been unable to withdraw their cash for three weeks, causing widespread panic. [Original link]