Indonesia Probes Crypto Learning Program Over Manta Coin Promises

Indonesia's Financial Services Authority (Ojk) is investigating a complaint about Akademi Crypto, a cryptocurrency learning program, and its influencer Timothy Ronald. The Ojk received allegations that victims were encouraged to buy Manta coin with promises of 300-500% gains in early 2024.

Akademi Crypto presents itself as an educational platform aimed at beginners and retail traders, providing content on trading basics, risk management, and crypto market cycles. However, its value for money depends on what users receive compared to the price paid.

The Ojk's review process is ongoing, with Friderica Widyasari Dewi confirming that specific information cannot be shared due to the case being under internal review. The agency will present its findings once the process concludes.