Authorities dismantle cryptocurrency scam ring.

VTV.vn - European authorities have dismantled a long-running cryptocurrency scam ring, with over 100 victims losing more than 100 million Euros.

Europe busts cryptocurrency scam ring.

On September 23, the EU's judicial body Eurojust announced that European authorities had dismantled a long-running cryptocurrency scam, with more than 100 victims losing over 100 million euros (118 million USD).

The announcement stated that police raided homes in Spain, Portugal, Italy, Romania, and Bulgaria, arresting five suspects, including the mastermind. This individual is accused of large-scale fraud and money laundering.

According to Eurojust, the victims, mostly Europeans, were promised huge profits from cryptocurrency investments through professionally designed online platforms. The transferred funds were then diverted to Lithuania for money laundering. When the victims tried to recover their investments, they were asked to pay additional fees, after which the website used for the scam disappeared.

Eurojust said the operation had been running since at least 2018, spanning approximately 23 countries. The raids took place last week but were made public late due to legal procedures in several countries.

Source: https://vtv.vn/triet-pha-duong-day-lua-dao-tien-dien-tu-100250924093609627.htm