A Swedish citizen, Andreas Sakacs, was arrested in Turkey on suspicion of being involved in the operation of the OmegaPro cryptocurrency pyramid scheme, which was launched in 2017 and caused investors to lose approximately $4 billion.

Reportedly, the tip-off to the police came from a Dutch citizen who personally lost $7 million in the project and now represents 3,000 other investors whose total investments amounted to around $103 million.

OmegaPro stopped withdrawals at the end of 2022 and fully ceased operations in July 2023. The project’s capital is allegedly linked to OneCoin, one of the largest crypto pyramid schemes in history.