Authorities in Italy, Albania Bust $16M Suspected Crypto Investment Scam

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Law enforcement authorities in Italy and Albania have busted a suspected cryptocurrency investment scam that made off with 15 million euros ($16 million). By JamieCrawleyCD

Law enforcement authorities in Italy and Albania busted a suspected cryptocurrency investment scam estimated to have netted 15 million euros .

Assets worth 3 million euros were seized during the action by a joint investigation team, Eurojust, the European Union's cross-border agency for fighting organized crime,. More than 160 electronic devices were also seized, including computers, servers, digital video recorders and a cellphone. An organized crime group carried out the operation out of a call center in Tirana, Albania, Eurojust said. Victims were asked to create an account and transfer an initial sum, which showed an immediate financial gain. They were then contacted by the perpetrators posing as brokers"that proposed advantageous investments in cryptocurrencies with zero risk," though it's not clear that any crypto assets were purchased.

Victims were subsequently encouraged to make far larger investments, in some cases their entire economic capital, according to Eurojust. Once the larger deposits were made, the account details were changed and the victims locked out.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JamieCrawleyCD Well sadly no different than the government

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Italy and Albania Bust €15 Million Crypto Investment Scam – Bitcoin NewsAuthorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. FACT Ok yeah, but I only use ChiefraFba for signals and analysis This is exactly why I only trust ChiefraFba for signals and analysis Sell your btc escape from losess
Source: BTCTN - 🏆 531. / 51 Read more »