Associated fraud headquarters cryptocurrency has been raided by Ukrainian police, which has taken its toll across Europe.
Crime in the crypto industry is nothing new, as its rapid development attracts cybercriminals, especially fraudsters.
Taking advantage of people’s lack of knowledge about crypto, fraudsters will usually promise extraordinary things from crypto by investing through them. And apparently, this is still happening in Europe.
Ukrainian Police Arrest Related Fraudsters Cryptocurrency
Based on reports Bitcoin Newsofficers from the Main Investigation Department of the National Police and the Ukrainian Security Service (SBU) have been monitoring a group of related fraudsters cryptocurrency.
These fraudsters run schemes designed to misuse victims’ personal information in many countries in the European region.
This fraudulent scheme is like the schemes of fraudsters in general, which offers victims to invest in trading crypto assets, securities and commodities with large and fast returns.
Fraudsters are known to contact potential victims under the guise of call center and important officials of state banking institutions to steal their credit card data.
What’s interesting is, they use sophisticated equipment to disguise their phone numbers to look like official bank numbers. Of course, the victim will not be suspicious if the phone call comes from a number that looks real.
“The fraudsters also set up some kind of website and platform fake exchanges for trading processes are offered, which promise huge profits,” the Ukrainian police said.
Moreover, these swindlers have database from contacts of foreign nationals, the majority living in country European regions, which have been victims of similar actions in the past.
Use database it, claiming to be the “Broker Community cryptocurrencies,scammers offer victims the opportunity to track down and recover lost crypto.
As a “commission” of the tracking effort, these scammers request a transfer of funds in the form of crypto assets and disappear again.
After conducting an in-depth investigation, Ukrainian police have finally found the location of the fraudsters’ headquarters cryptocurrency this and catch them.
Based on legal provisions country In this case, the fraudsters were found guilty of large-scale and organized fraud, which carries a maximum prison sentence of 12 years. [st]