[Spanish KOL CryptoSpain Detained for Alleged $300 Million Fraud] Spanish crypto KOL Álvaro Romillo (CryptoSpain) has been ordered by the court to be held without bail for allegedly orchestrating a Ponzi scheme worth up to $300 million (approximately €260 million) through his organization Madeira Invest Club (MIC). Prosecutors claim MIC defrauded approximately 3,000 victims. Romillo was arrested on Thursday in Spain after officials discovered €29 million in his Singapore bank account, raising concerns about his risk of fleeing. MIC had promised investors high fixed returns to attract investments.