The law enforcement agencies of the member states of the European Union decided to act jointly to catch crypto money fraudsters operating around the region.
Europol and Eurojust announced in a recent statement that they have cracked down on the crypto money fraud gang that has been operating since July 2022.
🚨 Call centers selling fake crypto taken down in Bulgaria, Serbia & Cyprus.
🪙 The criminal organizations lured 🇩🇪 victims to invest over EUR 2 million in bogus crypto investment websites.
Details ⬇️https://t.co/sP21aOn8WY pic.twitter.com/jfF7xsuog9
— Europol (@Europol) January 12, 2023
According to the statement, criminals operating in Bulgaria, Serbia and Southern Cyprus were trying to sell fake cryptocurrency to citizens through the call center.
The scam network stole 2 million Euros from investors in the process. Europol found that the gang operates in 4 different countries. Criminals can reach investors via phone via cryptocurrencies. “low risk” and “high profit” promised. Officials estimate that the loss could be much greater, assuming unreported cases.
As a result of the denunciations, Europol detained 214 people residing in four countries and conducted a cross-investigation. As a result of the investigation, 30 people were arrested and sent to prison. As a result of searches conducted in 22 different places, cash, crypto wallets and equipment were seized.
Fraudsters Also Use FTX’s Bankruptcy!
According to a report to law enforcement in the USA, crypto fraudsters are abusing FTX’s bankruptcy.
The Oregon Financial Regulatory Division (DFR) found in a statement that scammers had obtained wallet information by calling victim FTX customers under the pretext of “refunding money”.
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