Tag: Thailand Bitcoin Fraud Case

Thailand’s M Bitcoin Fraud Case; Scam That Shook the Crypto Community

Thailand’s $40M Bitcoin Fraud Case; Scam That Shook the Crypto Community

A 22-year-old Finnish cryptocurrency trader lost 5,564 bitcoins worth $40 million in one of Thailand‘s biggest crypto scams. Aarni Otava Saarimaa transferred his digital assets to scammers between January and February 2018. The perpetrators promised lucrative investment opportunities in various ventures, including a Macau casino. The fraudsters showcased lavish lifestyles and presented forged documents to gain Saarimaa’s trust. They pitched…

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