THELOGICALINDIAN - Nineteen bodies accept been arrested in Hong Kong in affiliation with a cryptocurrency betray that bamboozled 170 bodies in Hong Kong China Taiwan and the UK The fraudsters acclimated a affected app and some affectionate of affected web pages to deceive bodies the badge said
Hong Kong Police Crack Down on Crypto Scam
Police in Hong Kong accept arrested 19 bodies in affiliation with a cryptocurrency scam, The Standard appear Friday.
The betray bamboozled about 170 victims of about $11 actor Hong Kong dollars (US$1.4 million). The victims were in Hong Kong and overseas, including Taiwan, acreage China, and the U.K.
Eleven men and eight women, age-old amid 18 and 31, were arrested for cabal to bamboozle this week. They included the scam’s declared mastermind, technicians, managers, and promoters. The advertisement acclaimed that some of them were accord associates and 10 of them were amount associates of the syndicate.
The badge explained that the fraudsters busy amplitude in bartering barrio in Hong Kong to run their operation. They additionally assassin youngsters to advance the betray by accepting them assuming off cash, a yacht, and a sports car on amusing media to allurement added victims.
The fraudsters instructed the victims to alteration money and cryptocurrencies into their coffer accounts and crypto wallets by either activity to a counterfeit website or downloading affected cryptocurrency apps. They affirmation that the funds would be acclimated for investments.
Tam Wai-shun, administrator from the police’s abomination division, commented:
The victims’ accounts on the affected apps or the counterfeit website appearance apocryphal advice that the victims were authoritative profits.
The victims apparent that they were bamboozled back they could not abjure their funds. However, the fraudsters had already vanished with the customers’ money and cryptocurrencies. One of the victims absent up to HK$760,000, appearance the better accident in a distinct case, the admiral said.
During a two-day operation this week, the badge confiscated nine computers, 128 smartphones, banknote account HK$1.4 million, cryptocurrency account about HK$50,000, and a sports car in affiliation to the case.
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