Scam Alert

A 1 Million Euro Crypto Scam Was Committed By A 60-year-old Irish Woman

Following an investigation into a crypto scam in which up to €1 million was invested on behalf of the victim, a woman, who is in her 60s, was arrested in Dublin, Ireland.

She was apprehended during searches in the south Dublin area by Garda National Economic Crime Bureau (GNECB) on February 3.

The illegal activity refers to an offense contrary to Section 9 of the Investment Intermediaries Act of 1995 which prohibits any registered company or any individual from acting as an investment business firm or to claim themselves to be an investment business firm in or outside the State, without proper authorization.

In this particular instance, the money ‘invested’ was transferred to Virtual Asset Service Providers (VASPs) and subsequently converted to cryptocurrency.

Following inquiries and collaboration with various international banks, the GNECB identify a person who had transferred almost €1 million under the auspices of an investment.

Following co-operation with the relevant financial institutions, nearly 50% of the overall investment sum was frozen and returned to the victim.

Investigations into this crypto scam are ongoing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

crypto scam

Victor

Recent Posts

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

11 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

1 hour ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

2 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

4 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

5 hours ago

This website uses cookies.