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Home/News/Spain Detains Leader of €260M Crypto Ponzi Scheme
NewsNov 9, 20251 min read

Spain Detains Leader of €260M Crypto Ponzi Scheme

K
Kanalcoin Desk
Editorial Team
Romillo Arrested for €260M Ponzi Scheme

Spanish authorities have arrested Álvaro Romillo, known as ‘CryptoSpain’, for allegedly leading a €260 million Ponzi scheme called Madeira Invest Club.

The arrest highlights the risks in unregulated crypto investments, affecting over 3,000 investors without causing major market disruptions.

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