Ukraine dismantles €4.3M crypto scam network
Original title: Ukraine dismantles crypto scam network that stole €4.3 million
Ukrainian police arrested four suspects in investment scam network stealing €4.3M from 135 victims across EU.
Ukraine Cyber Police and German authorities dismantled a crypto scam ring using call centers and messaging apps. Suspects built trust with victims through social engineering then tricked them into fake investments on fraudulent trading platforms. Proceeds moved through exchanges and wallets. Four suspects including leader detained with evidence seized. Up to 12 years prison possible. This follows prior Ukrainian operations against fraud networks.
- €4.3M stolen from 135 German victims
- Used romance baiting and pig butchering scams
- Accessed banking accounts in some cases
- Leader and three accomplices arrested
- Evidence: $90k, wallets, phones, SIMs
Impact: €4.3M stolen via crypto investment scams
- Victims
- German victims
- Countries
- Ukraine
From the original article
2 min read at bleepingcomputer.com
Ukrainian law enforcement arrested four suspects in a case involving the theft of more than €4. 3 million using a network of cryptocurrency investment scam call centers. [...]
By Sergiu Gatlan · bleepingcomputer.com
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