The Federal Bureau of Investigation joined forces with the Israeli Police in order to arrest 26 individuals allegedly involved in digital currency employment. Although the operation was carried out in Tel Aviv it also involved victims from other countries.
Detention of the Criminals
A local report states that the FBI and the Tel Aviv District Fraud Unit of the Israeli Police investigated criminals who stole tens of million of shekels from their victims. The two units recently arrested 26 individuals suspected of participating in money laundering related to digital forex trading.
Local officials claimed that they received a US report that indicated that an Israeli group was trying to trick dozens of people into investing in cryptocurrencies. The criminals took millions of dollars from victims instead of providing the promised services.
The authorities arrested the bad actors and took digital storage devices and computers as evidence of the investigation.
All of those arrested were central Israeli residents, according to the announcement. Officials did not give their names or the name of the company they worked for. They did inform that two suspects in their 30s will be appearing at Tel Aviv Magistrate’s Court. On the other hand, the victims of fraud are Americans.
According to the report, in addition to Israel’s arrests, other international law enforcement agencies had recently conducted similar operations.
Another arrest of crypto fraudsters
Thodex, a notorious trading platform, was one of the most talked about topics in the digital assets space. Nearly 400,000 users of the Turkish cryptocurrency platform were unable to access their accounts in April and could not withdraw their funds. While the platform’s website was unavailable for several days, reports claimed that its CEO fled the country with as much as $2 billion.
The investigation led to the arrest of 62 people and the imprisonment of 6 others. Faruk Fatih Ozer’s sister and brother were also detained. Thodex’s head is still missing.
According to CryptoPotato, the same arrest was made in China in June. The Chinese authorities arrested 1,100 suspects for allegedly using digital assets to launder money and avoid the law enforcement agents. 170 criminal gangs were also dismantled in the subsequent investigation.
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