The bitcoin goes down and a crowd burned the house to a South African scammer

Bitcoin (BTC) returned to a cycle of volatility last month: after touching $ 13,000 at the end of June, this weekend has dropped more than 9% and was below the $ 10,400 mark. In this context, the problems that generally affect the cryptocurrency market operators also reappeared.

A crowd burned the house of an alleged crook Bitcoin in Ladysmith, South Africa, for having promised his clients that he could badure them a 100% benefit of your investment in 15 days, and after this fraud. It is about Sphelele "Sgumza" Mbathawho was a company manager "Bitcoin wallets" ("bitcoin wallets", in English).

According to the medium Times LiveDuring months the man had lines of people waiting in his office to invest with him. The minimum amount was $ 357. At one point he raised $ 143,000 a day from investors. But soon, Mbatha confessed that he had no money to pay and that they would have to enter their data on their website in order to benefit from their benefits.

Bitcoin falls as the cryptocurrency boom begins to weaken

He claimed that hackers had entered their website and stole money from investors. But it was not everything. The fraudster claimed that he was not the owner of Bitcoin Wallets, while he had registered the company. After that, an angry mob located Mbatha's house, burned her and her belongings were stolen.

According to information published by Gizmodo, the police reportedly offered to help Mbatha relocate the offices of Bitcoin portfolios provided that he established a valid business plan, but the project did not take place and, to date, no one knows where this man is. .

Bitcoin is in a cycle of constant highs and lows. At the beginning of July 2019, it collapsed, canceling part of this year's epic rally and intensifying a recent trend of impressive weekend moves. The price of the largest cryptocurrency fell to 14% from Friday and stood at 10,590 USD, down 13% from 9:14. in New York, according to the prices collected by Bloomberg.