The Thai police arrested the scammer under the pseudonym "crypto-wizard." He, along with accomplices, robbed crypto-investors for $16 million, and sent part of the money to purchase land.
"Magic crypto-scam": Thai police arrested scammers
According to the Bangkok Post, the Thai police arrested in Bangkok Mana Jumuang, known under the pseudonym "cryptocurrency wizard".
Law enforcers claim that he is one of the members of a criminal group that robbed "thousands of people in at least 10 Asian countries."
For two years, the gang found investors, and urged them to invest in cryptocurrencies. At the same time, the group acted as an intermediary, offering victims various services such as opening a bank account.
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From the very beginning, investors even received a percentage of investments. But then the cash flow dried up, and the gang disappeared with their money.
- According to police, the "crypto-wizard" used investor money to buy land in the province of Pichit
- The remaining suspects are wanted and have not yet been detained
- CipherTrace analyst company claims that the situation with exit scams worsened significantly in 2019. In the first 2 quarters of this year alone, attackers stole $3.1 billion from investors. The biggest scam was the PlusToken project. He stole $2.9 billion from investors
Editor: Yulia Krasnaya