A federal court in Rio de Janeiro, Brazil, ordered Bitcoin pharaoh to pay BRL 19 billion (nearly $3.7 billion) to a commercial court to compensate investors and creditors who lost money in Bitcoin transactions and to deposit funds within 72 hours.
It is reported that Bitcoin pharaoh is accused of participating in the Ponzi scheme Krypton operation and suspected of speculation in the cryptocurrency market, after the Brazilian federal police seized 591 Bitcoins.