The scam could be part of an effort to collect data on digital currency users, which would then have resale value to other scammers and criminals on the dark web.
The two allegedly lured three women to invest in their BTC scheme for guaranteed returns over a seven-month period, according to reports.
Europol, in partnership with Spanish and Catalan police, detained the suspects as part of a coordinated raid on an Andorran investment training firm.
Kristijan Krstic and John DeMarr also allegedly operated and promoted Start Options as a digital asset mining and trading platform with “the largest Bitcoin exchange in euro volume and liquidity.”
The alleged digital currency scammers on the SEC’s list include Axtrading Investment, SmartCoins24, RetireWell Investors and Passive Trade Plan.
Authorities in the city of Bengaluru announced they had detained a man named Srikrishna on suspicion of hacking into government websites.
Mirror Trading International was forced into liquidation in December 2020, amid claims it was operating illegally and fraudulently.
The New Zealand Financial Markets Authority singled out BTC as a highly volatile, risky asset, warning individuals they may lose the full value of their investment in a market reversal.
Umesh Verma launched Pluto Exchange in November 2017, which allegedly issued Coin Zarus that the company promised would only appreciate in value.
The U.S. Securities and Exchange Commission has obtained an emergency asset freeze against Virgil Capital LLC for allegedly defrauding investors under the guise of digital currency investing.