Argentine Cryptocurrency Scam Suspect Fleeing with $56 Million in Bitcoin Arrested

PANews February 3 News, the suspect in the Argentine cryptocurrency scam Generación Zoe, Rosa María González, was arrested by police in San Cristóbal, Táchira State, Venezuela. The scam caused tens of thousands of investors to lose over $120 million. González is accused of fleeing with 611 Bitcoins (worth approximately $56 million) after the scam collapsed in 2022. Generación Zoe claimed to provide investors with returns of up to 7.5% through a market prediction robot and its own gold-backed crypto assets. However, investigations revealed it was a Ponzi scheme, using new investors’ funds to pay dividends to old investors. González also claimed that her developed trading algorithm had “quantum security” features, with monthly returns as high as 70%. It is reported that González used a private security company in Buenos Aires to evade police capture, then fled to Venezuela and attempted to plan a new scam with her former partner. Currently, the complex diplomatic situation makes extradition to Argentina challenging. Argentine police hope she will tell the truth and help recover investors’ losses.