Crypto and Blockchain News From Brazil: Oct. 6-12 in Review

The story of Brazil's crypto scams took a new twist over the past week as CEO of an alleged pyramid scheme reportedly fled the country after rejecting court deadlines.

Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil.

Brazil's Banco Original was the principal sponsor of the Expo Boa Chance, a major fintech conference bringing together financial institutions, multilevel marketing and cryptocurrency-related firms, Cointelegraph Brasil reported on Oct. 6.

As previously reported, the Sao Paulo Court of Justice ordered a block on Unick Forex-managed assets last week, following a lawsuit about delay withdrawals from the platform.

The court eventually ordered Unick Forex to pay $28,500 to a client who filed a complaint against the company.

The CEO of Brazillian investment startup and alleged pyramid scheme Atlas Quantum has reportedly left Brazil for Netherlands, as reported on Oct. 10.

Atlas Quantum's customer service denied the news to Cointelegraph, claiming that Marques was in Sao Paulo trying to work out overdue withdrawals issues on the platform.

Following an information request, the Federal Police of Brazil reportedly said that Marques is free to cross borders as there is no conviction or any court order preventing him from doing so.

As reported in mid-September, Atlas Quantum rejected court deadlines to resolve its delayed Bitcoin withdrawals on its platform.

On Sept. 17, the Federal Court of Brazil ruled that the exchange's activities may constitute a financial pyramid and ordered to immediately freeze the company's assets.