Crypto Influencer Arrested in $300 Million Fraud Case

Spanish authorities have arrested Álvaro Romillo Castillo, known as CryptoSpain, for allegedly orchestrating a $300 million crypto fraud within the Madeira Invest Club, affecting over 3,000 investors. Castillo’s alleged activities are under investigation, with authorities linking him to money laundering and other financial crimes. The arrest highlights growing concerns about crypto influencers and potential political finance ties in the wake of this major financial scandal.