Weekend Roundup: Singapore to Become Asia’s Blockchain Hub, Blocknet Launches Think Tank

By April 19, 2015Bitcoin Business

Thai police have arrested four executives of UFun Store Co. Ltd., a business that operates a massive pyramid scheme.

The company has reportedly made some 14,700 victims from Thailand, Malaysia and Indonesia, with an estimate of 10 billion baht (US$307 million) in possible damages.

Members of the scheme were asked to persuade others to join by buying UToken, a virtual currency issued by the company and used to buy products on UFun Store.Other suspects on arrest […]

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