Eurojust disclosed that the cryptocurrency scheme promised investors high returns but vanished, leaving victims without their money. The fraud, operational since 2018, affected over 100 victims across 23 countries, with Germany and France notably impacted.
In a coordinated effort, authorities arrested five suspects involved in the scheme, which included the mastermind. Police actions were taken in Spain and elsewhere, bringing attention to the ongoing issues of cryptocurrency fraud and the urgent need for greater investor protection.
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