Prominent former soccer sensation, Ronaldinho Gaucho has found himself in the spotlight once again. Only this time, not for his mesmerizing dribbles, but rather his alleged connection with an intricate cryptocurrency pyramid scheme. Accusations surrounding Ronaldinho trace back to a company named 18k Ronaldinho Comércio e Participações Ltda, which reportedly drew investors with the lustre of vast profits, inevitably leaving them disappointed.
The company reportedly hoodwinked crypto holders into investing a minimum of BTC equivalent to USD 30, promising a daily return rate of 2% on their investments. Having stood before a hearing of dignitaries and lawmakers, the footballing icon refutes these allegations headstrong, citing misuse of his name for the company’s corporate establishment.
Adding context, Ronaldinho embarks upon his unheard tale of involvement with a US-based entity, 18k Watch Corporation, intended for fabricating a line of image-endorsed watch. He remains firm on his stance, twined with an air of ambiguity regarding if the said entities are interconnected.
What played out at the congressional hearing was a fair degree of anticipation for Ronaldinho’s defense measures against unauthorized image exploitation cases while uncovering his brother’s crucial role in steering their legal ship amid the labyrinthine legal turmoil.
Having encountered a class-action lawsuit demanding an outrageous compensation sum in damages from the Consumer Relations Institute of Brazil last year, for his supposed involvement in the fraud, Ronaldinho has had no easy sortie. Legal problems are nothing new for the star, with an incident of possession of spurious passports leading to a substantial time spent in Paraguayan custody.
Despite the legal tumult around him, Ronaldinho’s charismatic stature flaunting his illustrious footballing accolades, including FIFA World Player of the Year and World Cup winner, reverberates in the hearts of football fans across the globe.
The staggering loss of BTC worth $1.2 billion in 2023, predominantly due to rug pulls and hacks, sheds concern upon the safety of Ethereum (ETH) web3 platforms. A total of 211 incidents contributing to this monstrous sum signify the lurking perils in this world of digital currencies.
The astronomical surge of losses in August corresponds primarily to projects based on Ethereum’s freshly unveiled Layer 2 Base network. The report findings reveal multiple instances of threat protocols inherent in the Ethereum (ETH) network, calling for an urgent need for robust security measures.
The entanglement of prominent figures like Ronaldinho underscores the need for increased scrutiny and safeguards in the cryptocurrency realm, compelling us to view this digital frontier with eyes wide open.
Source: Cryptonews
