According to Foresight News, according to the Xinbao report, residents of San Pedro, Buenos Aires Province, Argentina have recently been caught up in a virtual currency trading scam. A virtual currency platform promised high returns and attracted more than 1/3 of local residents (about 20,000 people) to invest funds. The platform announced on the 9th that it would suspend the fund withdrawal service for 14 days to cooperate with the local government investigation.
La Nacion reported that the virtual currency platform promised to pay 1% to 2% daily returns on US dollars, which led many San Pedro residents to invest their savings in it, and some even sold their cars or took out loans to increase their investment.
