€2M in Crypto Assets Frozen, Six Arrested in Austrian Fraud Scheme Involving Bitcoin (BTC)
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Six Individuals Arrested in Austrian Crypto Fraud Scheme, Assets Worth €2M Frozen
A joint operation involving authorities from Austria, Cyprus, and the Czech Republic has led to the arrest of six individuals linked to a cryptocurrency scam. The operation resulted in the seizure and freezing of assets totaling €2M.
Authorities from three European countries have cracked down on a cryptocurrency fraud scheme, arresting six individuals and freezing €2M worth of assets.
Details of the Fraudulent Scheme
The fraudulent operation took place between December 2017 and February 2018. The scammers posed as a legitimate online trading company that had supposedly launched a new cryptocurrency. They offered 10 million tokens or rights to the new currency for sale, accepting payments in established cr... Read more at COINOTAG.
