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August 9, 2022
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Irish police are investigating a cryptocurrency scam –

Irish police are investigating the alleged case “Serious scam.” The suspects tricked wealthy people into investing significant amounts in Bitcoin, and then allegedly took control of victims’ wallets.

Irish police are investigating a cryptocurrency scam

The Irish Times reports that one bank has raised concerns about a batch of transactions worth around € 500,000 ($ 586,500) each, initiated from an account that has remained inactive for several years. The transfer case was related to one of the investors who believed that they were buying BTC with them.

The investigation has started. Property in southern Dublin linked to suspects, some of whom are foreigners, has recently been searched by the police. Confiscated items include cash, jewelry, and computers. Irish police are reportedly investigating whether suspects have taken control of victims’ Bitcoin wallets.

The alleged fraudsters seized several million euros from investors. The police also assume that some of the money has already been sent outside the country and is cooperating with foreign law enforcement agencies on this matter.

Cryptocurrency scams

This is the last in a series of high-profile scam investigations that have been related to the cryptocurrency market.

Earlier this month, five people in Lancashire, England, were charged with involvement in an alleged scam. As a result of his activities, about 20 million pounds (27 million dollars) were stolen and laundered. The project ran for almost two years and exploited a software vulnerability in the Australian trading platform Coinspot.

Last week, the famous Instagram user Jegar Igbara (“Jay Mazini”) was accused by US investigators of defrauding his followers for millions of dollars in Bitcoin. Authorities say Igbara used its social media profile to steal Bitcoin worth at least $ 2.5 million.

Meanwhile, in our country, the President of UOKiK Tomasz Chróstny brought charges against three entrepreneurs. The accused promoted FutureNet and FutureAdPro projects and encouraged them to join the NetLeaders network. As UOKiK explains in his the message, the mentioned projects are “pyramid-type promotional systems, and their creation, operation and promotion is prohibited and considered as an unfair market practice ”.

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