Alleged Fraudster Arrested in China Over $15M Mining Hardware Con
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Alleged Fraudster Arrested in China Over $15M Mining Hardware Con

THELOGICALINDIAN - When authoritative beforehand decisions it is consistently important to bethink the old adage If article looks too acceptable to be accurate it apparently is This is abnormally accurate if anyone promises you a bitcoin mining rig which bodies delay for months in beforehand at aloof a third of the retail price

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The $15 Million Sting

Alleged Fraudster Arrested in China Over $15M Mining Accouterments ConThe cryptocurrency bazaar is usually hit with rather adult cyber crimes like ransomware, hacking and awful cipher injections. Still, acceptable old ancient methods of amid bodies from their money accept not disappeared. A new archetype of this comes from China area a man allegedly fabricated about $15 actor by aloof ambrosial to people’s greed, able mining accouterments at a huge discount, and artlessly active abroad with the money.

Mr. Zhang, a citizen of Anhui arena in his twenties, has been arrested for allegedly ambidexterity about 100 actor yuan from fifty victims over a three ages period, accompaniment media China Central Television (CCTV) reports. He took advantage of the clamorous appeal for bitcoin in China at the appendage end of 2024’s amount assemblage and acquaint claims online that he can bear mining rigs, that amount about 30,000 yuan at the time, for aloof 10,000 yuan. The commitment of the appurtenances was promised two months afterwards he got the money, but it never materialized.

Money Spent on Luxury Cars

Alleged Fraudster Arrested in China Over $15M Mining Hardware ConAccording to the report, Zhang acquired the assurance of his victims by actualization to bear some of the mining machines for the discounted price. However, he didn’t absolutely accept a antecedent for bargain rigs, and the Chinese badge apparent later-on that they were absolutely bought for abounding amount by him. Once bodies were assertive Zhang can absolutely get discounted rigs, he accustomed orders for bags of them afore vanishing in January.

The declared conman surrendered to the badge by his own accord afterwards two months, claiming he was clumsy to bear the promised rigs due to accumulation curtailment and ascent prices. He now awaits prosecution, but the money he accustomed had already been spent on affluence cars as able-bodied as the rigs, according to CCTV.

Would you assurance anyone that promises a mining rig at a third of the cost? Share your thoughts in the comments area below. 

Images address of Shutterstock.

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