Bitcoin News and Finance

Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe

Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals across Europe. Raids Conducted in Poland, North Macedonia, and Sweden According to The National News , the investigation from the German police was initiated after locals accused a gang of stealing over 7 million euros ($8.5 million) in the country through bogus online trading platforms, which promoted high yield returns from investing in cryptocurrencies. Five of the six people were taken into custody by the authorities in Bulgaria, and one in Israel, stated the media outlet, in collaboration with Europol. Raids were also done in Poland, North Macedonia, and Sweden as part of the investigation. Europol issued a statement about how the millionaire digital asset scam operated: The criminal ...

Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative

According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about cryptocurrencies. Also, as one report explains, the initiative seeks to stop young African traders from becoming victims of cryptocurrency scam tactics. The report said: The Masterclass is primarily aimed at helping crypto newbies (learn) how to identify scams, buy and sell crypto as well as the more advanced concepts such, margin and futures trading as they get started on their crypto journey. In addition, the report also quotes Emmanuel Babalola, a director at Binance Africa, explaining how the learning course is being used to prepare African youths “for career opportunities in the [crypto] market.” “Africa is a very important market for Binance because we see the profound opportunity blockchain br...

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Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe

Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative

Former Monero Maintainer Warns About Upcoming Wave of AI-Assisted KYC Fraud

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