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Brazil’s top court rules woman cannot blame Bradesco for Bitcoin pyramid scheme losses

Livecoins ·

Brazil’s Supreme Federal Court rejected a consumer’s appeal to avoid repaying a loan taken from Bradesco Bank to invest in a pyramid scheme run by Glaidson Acácio dos Santos, known as the 'Bitcoin Pharaoh.' The decision, issued by Chief Justice Edson Fachin on May 24, upheld lower court rulings holding the borrower fully liable.

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Summaries are written by AI from the original article. Not investment advice.

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