• Latest
  • Trending
Taiwan police arrest 14 over alleged Ethereum investment scam

Taiwan police arrest 14 over alleged Ethereum investment scam

September 11, 2021
EMERGENCY!!!! BITCOIN IS CRASHING DOWN!!!! BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY

EMERGENCY!!!! BITCOIN IS CRASHING DOWN!!!! BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY

May 27, 2022
Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges – Here’s Why

Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges – Here’s Why

May 27, 2022
Approaches and Strategies for 2022 By DailyCoin

Approaches and Strategies for 2022 By DailyCoin

May 27, 2022
Terra to burn 1B UST from the community pool as holders vote for it

Terra to burn 1B UST from the community pool as holders vote for it

May 27, 2022
Small Bitcoin whales may be keeping BTC price from ‘capitulation’ — analysis

Small Bitcoin whales may be keeping BTC price from ‘capitulation’ — analysis

May 27, 2022
Huobi Global co-hosts Blockchain Forum to spearhead Vietnam’s Metaverse future

Huobi Global co-hosts Blockchain Forum to spearhead Vietnam’s Metaverse future

May 27, 2022
What is Ethereum? Is it a blockchain or crypto? History, co-founders and more, find out here

What is Ethereum? Is it a blockchain or crypto? History, co-founders and more, find out here

May 27, 2022
Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

May 27, 2022
Could Litecoin (LTC) and Shiba Inu (SHIB) be Outdone by Newcomer Logarithmic Finance (LOG)?

Could Litecoin (LTC) and Shiba Inu (SHIB) be Outdone by Newcomer Logarithmic Finance (LOG)?

May 27, 2022
Bird, Beast, Plant Guide & Tutorial | Axie Infinity – Blockchain NFT game

Bird, Beast, Plant Guide & Tutorial | Axie Infinity – Blockchain NFT game

May 27, 2022
Top cryptocurrencies in the UK 2022 

Top cryptocurrencies in the UK 2022 

May 27, 2022
Uvalde massacre ripples across towns along Highway 90

Uvalde massacre ripples across towns along Highway 90

May 27, 2022
OOF CRYPTO
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO
OOF CRYPTO
No Result
View All Result

Taiwan police arrest 14 over alleged Ethereum investment scam

by oof_pj
September 11, 2021
in Ethereum
0


Police in Taiwan have arrested a hoop of criminals who allegedly lured over 100 traders into their Ethereum funding rip-off. Authorities mentioned the suspects relied on false data and images of lovely girls on social media platforms and their web site to lure their victims, which have been described as older males.

The 14 are alleged to have made away with NT$150 million (US$5.41 million) from not less than 100 traders, the Taipei Occasions reported. According to the paper, the one sufferer who misplaced essentially the most cash parted with NT$29 million ($1.05 million) over two months. Investigators mentioned the person was lured by guarantees of constructing fast hundreds of thousands within the first month, prompting him to place in much more cash within the rip-off.

A person with the surname Chen was recognized because the alleged chief of Azure Crypto Co., an organization that provided digital currency transactions. Kuo Yu-chih, the lead investigator within the case, mentioned Chen led the promotion and advertising of the rip-off, principally counting on social media.

Chen and his crew of fraudsters centered their efforts on Ethereum, Tether, and the controversial TRON, investigators mentioned. He promised his traders sky-high returns and withheld substantial details similar to how he would make the income or his {qualifications} as an asset supervisor (or lack thereof). Chen allegedly introduced himself as a monetary advisor specializing in block reward mining.

The principle goal marketplace for Chen’s rip-off was older males, in response to the authorities.

“Chen and his employees arrange web sites, and allegedly used pictures of fairly girls to draw primarily male victims, a lot of whom have been in retirement with substantial financial savings,” Kuo mentioned.

The 14 suspects face expenses of cash laundering, fraud, and breaching the Organized Crime Prevention Act, authorities mentioned.

Taiwan has been pleasant to digital currencies, recognizing even newer features of the business similar to safety token choices (STOs). Nevertheless, it has been fast to crack down on any illicit exercise within the business. Earlier this yr, authorities within the capital Taipei launched an investigation into Bitmain’s alleged expertise poaching practices.

Watch: CoinGeek Zurich panel, Utilizing Blockchain to Strengthen Cybersecurity

New to Bitcoin? Take a look at CoinGeek’s Bitcoin for Beginners part, the last word useful resource information to be taught extra about Bitcoin—as initially envisioned by Satoshi Nakamoto—and blockchain.



Source link

YOU MAY ALSO LIKE

Terra to burn 1B UST from the community pool as holders vote for it

Pillosophers Introduce the Metapill to the Ethereum

Tags: allegedarrestEthereuminvestmentpolicescamTaiwan
ShareTweetPin

Search

No Result
View All Result

Recent News

EMERGENCY!!!! BITCOIN IS CRASHING DOWN!!!! BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY

EMERGENCY!!!! BITCOIN IS CRASHING DOWN!!!! BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY

May 27, 2022
Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges – Here’s Why

Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges – Here’s Why

May 27, 2022
Approaches and Strategies for 2022 By DailyCoin

Approaches and Strategies for 2022 By DailyCoin

May 27, 2022

Recent News

  • EMERGENCY!!!! BITCOIN IS CRASHING DOWN!!!! BITCOIN PRICE PREDICTION 2022 // BITCOIN NEWS TODAY
  • Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges – Here’s Why
  • Approaches and Strategies for 2022 By DailyCoin

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Rippl
  • Videos

Follow Us

Find Via Tags

Altcoin Altcoins analysis Analyst Bitcoin blockchain BTC Buy Cardano Chainlink coin Crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin ETH Ethereum exchange Heres Inu Investors Launch launches Litecoin Market Markets metaverse news NFT NFTs Price Prices rally Ripple Ripples Shiba Solana Today token Top Trading XRP
  • Privacy & Policy
  • About Us

© 2021 oof Crypto

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO

© 2021 oof Crypto