PANews reported on April 18 that according to Bitcoin.com, Diosnel Alarcon, head of the Cybercrime Department of the Paraguay National Police, pointed out that in 2023 and 2024, funds transferred through cryptocurrency scams and Ponzi schemes exceeded $4 billion, with illegal intermediaries exploiting investors' ignorance of cryptocurrencies. They use fake platforms as bait, initially adding small profits to victims' accounts, with victims only realizing they have been scammed months later. The figure includes platforms using Paraguay as a transit point for transferring illegal funds. Although cryptocurrency transactions can be traced, international bureaucratic procedures make it difficult to recover funds and identify those behind the crimes. However, if reported quickly, authorities may be able to stop the crime and recover the funds.
