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.