Argentinian crypto scam suspect arrested in Venezuela

The Venezuelan police arrested Rosa María González, a suspect in the Generación Zoe fraud case, in San Cristóbal. This fraud case resulted in investors losing at least $120 million. Leonardo Cositorto, the head of Generación Zoe, previously stated that Rosa María González fled with 611 bitcoins after the project's collapse, which were worth about $56 million at the time.

Investigations revealed that Generación Zoe attracted investors by promising returns of up to 7.5%, but it was actually a Ponzi scheme. Rosa María González claimed that the trading algorithm she developed had quantum-safe features, with monthly returns of up to 70%. During her time on the run, she allegedly planned new fraudulent projects, promising investments starting at $1,000 with a monthly return of 5%. Currently, diplomatic relations between Argentina and Venezuela are tense, making the extradition process difficult.