Last Updated on September 25, 2022 by Bitfinsider

A Brazilian crypto lending company announced the suspension of withdrawals due to an attack, which was shocking. According to a BlueBenx representative, the company was hacked for $32 million. The company promised users that investing in cryptocurrencies would yield high returns. This raises the question of whether or not the alleged Brazil crypto scam was real. The company promised up to 66% returns on their cryptocurrency investments.

According to Brazilian media, BlueBenx users do not believe the company’s story about a hack. According to the reports, users claimed that the hacking argument was merely an excuse to conceal the scam. “I believe it’s a scam because this whole hacking thing appears to be something they made up,” said the user.

According to recent studies, hackers defrauded users of a record $14 billion in cryptocurrencies in the previous calendar year. If the BlueBenx incident is revealed to be a Brazil crypto scam, investor trust in crypto companies may suffer further. BlueBenx bills itself as a “high performance crypto platform” that provides regular returns on crypto investments. Users are promised additional liquidity as well as multiple rewards. According to its website, BlueBenx was founded in 2017 and develops products and solutions related to blockchain and cryptocurrencies.

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Are you new to investing and would like to find out more about investments and cryptocurrency? If you know nothing about a topic and want to become an expert on it, one fool proof way to start is to read good books about the topic.

If you read one book about a topic, you will be able to share knowledge or discuss the topic at an elementary level with almost everyone.

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1. The Intelligent Investor by Benjamin Graham
2. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs and More by Ian Balina
3. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them by Antony Lewis

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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.