Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals across Europe.
Raids Conducted in Poland, North Macedonia, and Sweden
According to The National News, the investigation from the German police was initiated after locals accused a gang of stealing over 7 million euros ($8.5 million) in the country through bogus online trading platforms, which promoted high yield returns from investing in cryptocurrencies.
Five of the six people were taken into custody by the authorities in Bulgaria, and one in Israel, stated the media outlet, in collaboration with Europol. Raids were also done in Poland, North Macedonia, and Sweden as part of the investigation.
Europol issued a statement about how the millionaire digital asset scam operated:
The criminal group ra
Sturdy Finance Extends Olive Branch: $100,000 Bounty for Attacker
Sturdy Finance, has taken an unconventional approach to reclaiming stolen funds. Following an exploit that captured around $800,000…
