Cryptocurrencies

Turkey Detains Over 100 Co-Conspirators in Cryptocurrency Ponzi Scheme, Confiscates Assets Valued at $31 Million

According to Turkish authorities, the country’s law enforcement agencies have uncovered a criminal syndicate that tricked residents into investing in a Ponzi scheme disguised as a cryptocurrency opportunity. The syndicate managed to scam $1 billion from investors who fell for the scammers’ promise of lucrative returns with no risks involved. As reported by the editors at cryptochronicle.xyz, the authorities have taken action to disrupt the operation and hold those responsible accountable.

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