Luxury Cars & Wild Parties: $22 Million Crypto Scam Dupes 40,000 Investors

Quick Summary:

A gang of convicted Austrian fraudsters financed their luxurious life with money acquired from a giant crypto scam.

Among other luxuries they purchased were a shark tank, a villa, a luxury car, private jet travels, and nights at club parties, Heute, an Austrian news outlet, reported on October 23.

To further obfuscate the financial trails, the fraudsters used encrypted Telegram communications and even enlisted the assistance of companies who are expert in the field.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryAustria

Topics: Fraud Luxury Cryptocurrency Crypto Scam EXW Wallet Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 11:30:43 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23250577

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 14 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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