Crypto wallet linked to Ponzi scheme frozen in Argentina
The scheme promised extraordinary returns, targeting residents of San Pedro, Buenos Aires, and has resulted in tens of thousands of victims.

The investigation has benefited from collaboration with Lemon, a major digital asset exchange in Argentina, along with blockchain forensics experts from Chainalysis and Qlue. Their technical expertise enabled authorities to track the flow of funds and uncover the scale of the alleged scheme.
Rainbowex lured investors with promises of extraordinary daily returns, amounting to an annual rate of nearly 3,500%. Authorities estimate that tens of thousands of San Pedro, Buenos Aires residents were affected. The operation has already resulted in over 15 raids, with four arrests made, while efforts to apprehend additional suspects, including individuals in Malaysia, continue with Interpol’s support.