The alleged scams with cryptocurrencies such as bitcoin or Ethereum, have burst into the Spanish courts, where complaints and lawsuits from thousands of affected people who have seen evaporation accumulate hundreds of millions of euros through pyramid schemes.

Cryptocurrencies or cryptocurrencies are virtual currencies that are based on encrypted security codes to certify electronic transactions for the purchase and sale of goods and services, and of these there are already about 5,000, although only 40 of them have liquidity within the market.

As of September 2020, the total capitalization of this market was 336,000 million dollars.

At the moment, in Spain the largest alleged fraud by volume defrauded is that of Algorithms Group, a bitcoin investment company based in London that could have defrauded more than 280 million euros to about 3,000 investors and that the National Court is already investigating.

The complaint, presented by Zaballos…

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