Spanish Crypto Influencer Arrested in $300M Fraud Case

Spanish authorities have detained prominent crypto influencer Álvaro Romillo Castillo, known as CryptoSpain, for allegedly orchestrating a $300 million cryptocurrency fraud scheme. The arrest, made on November 6, 2025, affects over 3,000 investors and has raised concerns about political corruption ties. Castillo’s alleged involvement in Madeira Invest Club has been linked to a pyramid scheme that targeted investors with promises of high returns.