💥 Gate Square Event: #PTB Creative Contest# 💥
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CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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Minimum 80 words
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🥇 1st
The $300 million cryptocurrency scam shocks the United States and Mexico.
A cryptocurrency scam involving the DeFi platform Terablock has caused over 1,200 investors in Mexico and America to lose more than 300 million USD. Since 2019, Terablock has promoted investments in the stablecoin USDC with returns of 7–15% per month through a mobile application.
In August 2021, activities suddenly stopped due to "technical issues," the founder disappeared, and investors lost access to their funds. After the protests in Baja California, the police arrested Mónica "N" while investigating Javier Elenes and associates. Victims reported that Terablock claimed to use trading algorithms, offered interest, and encouraged referrals; withdrawals were only allowed on fixed dates, with high fees. Authorities warned that recovering funds could take years and recommended legal checks, avoiding promises of fixed returns, being cautious of unexpected offers, and protecting personal keys while reporting suspected fraud.