[RSS] China, UK police join forces to recover funds from massive crypto fraud

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[RSS] China, UK police join forces to recover funds from massive crypto fraud

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Chinese police are working with UK law enforcement authorities to track down fugitives and illicit funds involved in a massive cryptocurrency fraud and money laundering case, but experts see little likelihood for victims to recoup their losses. According to a statement, police in the northern city of Tianjin were “doing everything possible” to help more than 128,000 Chinese investors recoup funds caught in a web of fraudulent wealth schemes perpetrated between 2014 and 2017 by a syndicate, which...

Source: https://www.scmp.com/tech/blockchain/ar ... e=rss_feed

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