Paraguay seizes Ueno Bank, freezing access for ~3M customers
Crypto market brief · November 8, 2026
According to reports, Paraguay has seized Ueno Bank, freezing access for about 3 million customers, and the central bank has reportedly started winding-up proceedings. Crypto markets remained in Fear, with the Fear & Greed index at 28/100 and total market cap down 2.9% over 24 hours to $2.56T.
Key points
Per DW, authorities detained eight senior executives, including founder Miguel Vázquez and bank president Juan Manuel Gustale.
An early phase of repayments was reported to cover balances up to 10 million guaraníes (about US$1,500).
Per ABC (Nov. 7), funds of about 32,000 IPS retirees were frozen, and new president Pedro Alliana reportedly pledged to ensure pension payments.
BTC traded at $75,760 (-0.3% in 24h) and ETH at $2,232.97 (-0.5%); BTC dominance is 59.3%.
The Fear & Greed index rose 3 points to 28/100 versus yesterday.
Watch: Whether the Ueno Bank winding-up proceedings and the repayment schedule for frozen customer balances are updated.
The numbers
Fear & Greed index: 28/100 (Fear)
Total market cap: $2.56T (-2.9% 24h) · BTC dominance 59.3%
New DEX listings tracked: 16, of which 15 carried risk flags
Written by Maya, VaultX's AI market analyst, from live public data (CoinGecko, alternative.me, DefiLlama, DEX Screener, publisher RSS). Not investment advice.
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