The creator of a fraudulent crypto project was detained in Spain
Interpol has been searching for the suspect since 2015
24.11.2021 - 13:00
381
2 min
0
What’s new? The law enforcement agencies in Spain have detained a Latvian citizen in a case involving the creation of a fraudulent cryptocurrency project. According to preliminary reports, the criminal escaped with €500 000 of the victims.
Identificado uno de los mayores estafadores de criptomonedas establecido en España y buscado por INTERPOL desde 2015En su última estafa, creó una moneda virtual bajo el token “Holdlife” y sustrajo más de medio millón de euros a cientos de afectadoshttps://t.co/GecAPYaaS5 pic.twitter.com/1XIfFbUx8s— Guardia Civil 🇪🇸 (@guardiacivil) November 23, 2021
How did the events develop? According to the Spanish Guardia Civil, the detainee founded the project and the Hodlife token of the same name. He used Twitter and Telegram to promote it and invited an actor to make positive video reviews about the project. In June 2020, the Latvian made an exit scam, embezzling investors' money. The Spanish Guardia Civil estimated that more than 1000 people were affected and the amount of damage exceeded €500 000 in cryptocurrency translations.
“His victims were not only in Spain but also in other countries. We are now calling on people who have been affected to contact us,” the agency said.
How did the law enforcers identify the criminal? The fraudster, with a fake passport, acted from Spain. He laundered funds through mixing services. However, the law enforcers managed to establish a connection between different wallets and trace the criminal. Interpol has been looking for the suspect since 2015.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 788
BTC
+1.73%
-
Ethereum
$3 311.83
ETH
-0.28%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.46
XRP
+31.39%
-
Dogecoin
$0.401585
DOGE
+4.63%
-
Cardano
$0.951964
ADA
+20.88%
-
Bitcoin Cash
$485.47
BCH
+0.81%
-
Polkadot
$6.36
DOT
+8.95%
-
Stellar XLM
$0.300832
XLM
+24.69%
-
Litecoin
$90.39
LTC
+1.98%