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Bitcoin Quiz

Category - Bitcoin

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In late 2013, the Securities and Exchange Commission arrested a man in this US state for attempting to operate a Bitcoin Ponzi scheme:

Illinois.
Arkansas.
New York.
Texas.

Explanation

Answer: A - In 2013, the Securities and Exchange Commission arrested a man in Texas for attempting to operate a Bitcoin Ponzi scheme. This man, Trendon Shavers, was accused of telling investors that he could guarantee seven percent returns and then proceeded to use their money for his own purchases.

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