Spain to expose 470 cryptocurrency scam sites
Thousands of victims emerged in the investigation carried out by the police from 7 EU member countries for months.
Spanish police scanned 3 million emails, revealing 470 websites and the call center, technology platform and company that backed them, often targeting investors in Spain, Germany and Italy, El Pais reported. Determining that the number of victims in Spain alone is at least 17,000, the police estimates that the network, which constantly changes the names and schema it uses, has obtained approximately $ 2.5 billion worldwide through fraud.
Spain to expose 470 cryptocurrency scam sites
With the coordination of Eurojust, the forensic investigation cooperation agency of the European Union countries, raids were carried out in Albania, Bulgaria, Georgia, North Macedonia and Ukraine to bring down the network, and many suspects were detained. Spanish lawyer Mauro Jordan said he represented 20 victims whose digital wallets were stolen, and that an 80-year-old client lost 800,000 euros:
These organizations first appeared in Israel and Eastern Europe. Gradually they grew in contact with each other. These large and closely linked organizations are now opening and closing new websites and companies all the time. The brand EverFX, which is the sponsor of Sevilla, one of Spain's leading football clubs, and registered with ICC Intercertus Capital in Southern Cyprus, is also the target of the investigation. The UK authorities banned trading with the ICC company and the EverFX brand last year.
El Pais wrote that the company now operates as Harindale and within the Oryx Group.Spanish authorities; He set up a search engine with 470 highly dubious websites thought to target foreign exchange, cryptocurrencies, commodities and other financial instrument investors.
