Launched in 2020, Meu Pé de Bitcoin presented itself as an investment platform that utilized clients' Bitcoin deposits to perform trading operations, generating purported daily profits of up to 1.77%. The company, led by Hélio Caxias Ribeiro Filho, attracted clients with promises of high liquidity and daily withdrawal options. However, its business model was flagged by Brazil's securities and exchange commission (CVM) as an unregistered collective investment scheme, leading to a formal stop order and the subsequent collapse of its operations amid accusations of being a financial pyramid scheme.

Founded in

Brazil