An unknown YouTuber organized a fake investment company and attracted more than $232 million from 15,000 victims in South Korea. The scheme promised 20 times the profit from investments in worthless tokens. Among those arrested are employees of the company and the YouTuber with 620,000 subscribers. The scheme targeted elderly people, forcing them to sell property and take out loans for investments. 12 arrested, including the YouTuber, remain in custody.
11/13/2024 2:18:22 PM (GMT+1)
In South Korea, 215 people were arrested in a cryptocurrency fraud case involving 325.6 billion won ($232 million), with over 15,000 victims, including elderly people 👮♂️
717
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets
El Salvador and Paraguay have signed a cooperation agreement on cryptocurrency regulation to combat illegal operations and improve control over money laundering
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
Utah removed the creation of a Bitcoin reserve fund from the HB230 bill, which now focuses on protecting the rights of miners and digital asset owners
Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
