Greek police have detained 17 people in connection with a major cryptocurrency pyramid scheme that attracted at least 10,000 participants and saw more than $8 million pass through the platform.

Nine military personnel among those detained

Investigators reported that out of the 17 people detained, 9 are military personnel.

FXO and AT Team Greece promised "double your money in 50 days"

The case involves the FXO platform, which was promoted in Greece by the organization AT Team Greece, also known as the "Greek Artificial Intelligence Team." Investors were told that AI would automatically trade cryptocurrencies and could double their investments in 50 days with minimal risk.

Withdrawals blocked for 50 days, halted since September 1

According to investigators, payouts to earlier participants were funded by new investors, with funds locked for a 50-day "investment cycle." Since September 1, all withdrawals from the platform have been completely halted.