9 arrested in Europe in operation against fake platforms for crypto investments
European authorities said Tuesday that nine people were recently arrested for suspected involvement in a nearly $700 million cryptocurrency investment scam network.
A multinational operation in late October targeted a network that “created dozens of fake cryptocurrency investment platforms that looked like legitimate websites and promised high returns,” but simply took the money and laundered it, according to the European Union Agency for Criminal Justice Cooperation (Eurojust).
The suspects “recruited their victims using a variety of methods such as social media advertising, cold calling, fake news articles and fake testimonials from celebrities or successful investors.”
The arrests were in Cyprus, Spain and Germany, with…
