Police Bust Massive Fraudulent Crypto Coin Investment Scheme

IconCrypto News Terminal23 Apr, 2024

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Police Bust Massive Fraudulent Crypto Coin Investment Scheme

Police in Seoul have nabbed 37 people accused of defrauding approximately 5.4 billion won ($4.1 million) from victims using the allure of high-yield coin investments. The suspects allegedly convinced victims to invest in a bogus virtual currency, promising lucrative returns. However, once the victims invested their money, they were unable to withdraw their funds. Previously on 22 April 2024, [one liner summary of previous news].