Law enforcement in Jakarta has dismantled a digital currency love fraud operation, detaining two dozen people.
Earlier probes have brought to light a far-reaching web of people smuggling, with sufferers compelled into digital bondage, carrying out virtual currency swindles for Chinese crime rings.
The previous year, officials in the Philippines took apart a fraud hideout operated by Chinese people implicated in virtual currency and love scams, detaining 100 persons. Toncoin (TON) Value Forecast for March 26th
In 2024, Indian officials took severe measures against a pair of important scams: the HPZ token fraud, resulting in legal actions against 299 bodies directly handled by Chinese citizens, and the DataMeer trading platform, which bilked residents of 10 million Indian rupees.
In November, Irish police seized $3.42 million in virtual currency thought to be tied to “pig butchering” scams organized by Chinese criminal organizations.
On November 12, Li Daren, possessing double citizenship in China and St. Kitts and Nevis, confessed to washing $73 million in virtual currency fraud earnings by way of shell firms located in the United States.
