How Kenyans lost millions in Bitcoin pyramid scheme[PHOTO: COURTESY]Velox 10 founder Ricardo Rocha [PHOTO: COURTESY]. Velox, which claimed to trade in bitcoins, promised to help Kenyan investors earn millions of shillings in profits. When the prices are low, investors tend to lose a lot as some may end up trading in lower prices on investments they had put in a lot of money. There are already many Kenyans dodging friends and relatives who have been hounding them to sign up to various schemes on the promise of assured returns. All in all, the rise of cryptocurrencies has sparked both excitement and horror in investors across the world.

Source: Standard Digital March 05, 2019 08:03 UTC