Bitcoin

Five Australians Charged Over Cryptocurrency Scam

Five Australians have been charged with fraud, cryptocurrency scam and money laundering after tricking more than 100 Australians into handing around $3 million in AUD.

Detectives from the Queensland Police’s Financial and Cyber Crime Group investigated an alleged criminal syndicate which handled several businesses selling cryptocurrency investments on the Gold Coast between 2017 and May 2019.

Detectives from the State Crime Command’s Financial and Cyber Crime Group swooped on the syndicate comprised of three men and two women as part of Operation Quebec Walnut in May and August this year.

Between 2017 and May 2019, the syndicate is said to have operated several business selling cryptocurrency investments in Exmount Holdings Group – a company that appeared legitimate. Source: 7news.com.au

Sying Tien

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at sying.tien@thecoinspost.com and i will get back to you shortly.

Recent Posts

Binance Delists Four Major Cryptocurrencies: What You Need to Know

Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More

3 weeks ago

LocalMonero Announces 6-Month Shutdown Plan

LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More

2 months ago

Telecom Giant Vodafone Bringing Crypto to the Masses Via SIM Cards

The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More

2 months ago

No Evidence of Hack, Says Bitfinex CTO Amid Ransomware Gang’s Allegations

In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More

2 months ago

Indian Police Seize 268 Bitcoins Worth $17 Million in Crypto Bust

Indian authorities have seized large sum of bitcoins from a resident of Haldwani, a… Read More

2 months ago

Smart Contract Hacking Costs Ex-Engineer $12M and His Freedom

A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More

2 months ago