Three Cryptocurrency Fraud Suspects Arrested in the Netherlands – Bits Media

Dutch police arrested three men on charges of defrauding investors and selling their cryptoasset, the price of which was then deliberately reduced.

According to a press release from the Netherlands National Police, law enforcement authorities accuse suspects of fraud and embezzlement, and do not exclude additional arrests as part of an investigation into the activities of the Coinhouse cryptocurrency exchange., Which the authorities suspected of embezzlement of customers' money and fraud.

The authorities describe the “pumping and reset” scheme as follows: One of the men released a cryptoactive and advertised it on a cryptocurrency platform and on Twitter, luring investors and raising the price. Then he sold a large number of coins in a short period of time, Having made them "useless".

The police arrested one of the attackers in a warehouse in the Deventer, where there were several computers, cryptocurrency mining. Law enforcement officers also report the theft of electricity.

According to the police, A man is also suspected of a similar attempt to deceive investors using ERSO cryptoactives, MALC и EUROP. During the investigation, the police arrested real estate of criminals, Confiscated cars, Computers and cryptocurrency.

According to the Dutch prosecutor's office, during 2020 years, the country's authorities confiscated cryptocurrencies from criminals in the amount of about 8 million. For 2019 the year the amount of confiscation was 1.1 million.