$22 Million Crypto Scam Dupes 40,000 Investors

A gang of convicted Austrian fraudsters financed their luxurious life with money acquired from a giant crypto scam. Among other luxuries they purchased were a shark tank, a villa, a luxury car, private jet travels, and nights at club parties, Heute, an Austrian news outlet, reported on October 23. Around 40,000 people were reportedly victimized by the scheme, with around $21.6 million (20 million euros) accumulated from the fraud.

Crypto Scammers Busted

The operation of the fraudulent investment scheme was based on investments in the EXW Wallet, as well as in EXW crypto tokens and real estate projects. EXW promises an attractive 0.1% to 0.32% daily return, which catches the attention of most investors.

Following its activation…

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