11/09/19 04:00 UTC-4

Fraudsters have sold over a million fake Euro banknotes for Bitcoin

OtherFraudsters were selling euros for Bitcoin
Fraudsters were selling euros for Bitcoin

Europol and the Portuguese police arrested one of the largest counterfeiters groups in Europe, which since 2017 have been making counterfeit euro bills and selling them for Bitcoin.

 

BTC Fraudsters

Twitter Europol reports that law enforcement officers have arrested five members of the criminal group, including its leader. Police confiscated 69,930 euros in fake banknotes, as well as equipment and materials used to make fakes.

Attackers were selling fake euros through Darknet for Bitcoin. Since 2017, they have issued fake notes in the amount of 1.3 million euros.

Police say fakes are one of the highest quality products they come across. Banknotes have elements such as watermarks, imitation of a protective thread and a hologram.

"Often they are found only when making bank deposits. From the point of view of conventional tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
, these banknotes are accepted quite easily"
, – said the representative of the Portuguese police.

Interesting in the section: Financial geography. How to live for cryptocurrency in Argentina

  • Maryland Attorney General Brian E. Frosch announced in a press release on Wednesday August 15th that his securities department is currently participating in the Cryptosweep Operation.
  • Authorities in the city of Henan in China arrested the man after he reportedly lured others to use the Bitcoin-cold wallet that he created, and then tricked them into transferring funds.

 

 

Editor: Godfrid Brower

See also: "The Brave crypto-browser surpassed Chrome in Japan"

#counterfeiters #Euro #Bitcoin #cryptocurrency

Comments

Similar

14/09/19 10:44 UTC-4

The English football club made bitcoin a symbol of the team

​Watford English Premier League Football Club will place the bitcoin sign on the sleeves of its players. The club made this decision after entering into a partnership with the Sportsbet.io crypto-platform, which specializes in betting.