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coinpedia 2025-03-18 07:25:02

Crypto News: $32.6 Million Bitcoin Pyramid Scheme Dismantled by Spanish Authorities

The post Crypto News: $32.6 Million Bitcoin Pyramid Scheme Dismantled by Spanish Authorities appeared first on Coinpedia Fintech News Spanish police have successfully dismantled a massive Bitcoin-themed cryptocurrency pyramid scheme that defrauded over 3,600 victims out of approximately $32.6 million. The operation, led by Spain’s National Police Corps (CNP) , resulted in the arrest of eight individuals across multiple cities, including Malaga, Madrid, and Meria. The group, consisting of various professionals such as marketing experts and web designers, ran a complex operation that promoted fake Bitcoin investment plans to unsuspecting individuals, many of whom had no prior knowledge of cryptocurrencies. The scam operators made it simple for victims to convert large sums of money, often hundreds or thousands of euros, into Bitcoin. Some victims were even manipulated into surrendering control of their electronic devices, enabling the scammers to perform crypto transfers and steal personal and banking information. Growing Threat of Scams The police first learned of the scheme in 2022 when a victim filed a complaint in Murcia, and the investigation revealed a fraudulent network in which new investors’ funds were used to pay older investors, a typical characteristic of a pyramid scheme. The CNP found that the scammers had promised unrealistic returns of 40% after one month and up to 300% after a year. Investigators discovered substantial Bitcoin holdings in the criminals’ wallets, as well as a worthless token they issued to investors. The scam affected victims across 36 countries, with the majority of the victims residing in Spain. In response, the authorities froze 73 bank accounts, seized vehicles, and impounded cash and computer equipment. The operation serves as a reminder of the risks of unregulated crypto investments and the growing threat of scams in the industry.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.