A whistleblower has revealed the existence of a 200-employee Ukrainian Bitcoin trading scam that netted $70 million in 2019.
The whistleblower outed the scam by providing footage and internal company documents to Swedish newspaper Dagens Nyheter, which reported the news on March 1.
The scam predominantly targets investors based in Australia, New Zealand and the United Kingdom by using fake news articles advertised on Facebook and some mobile game platforms.
Ukrainian company Milton Group accused of operating scam.
The whistleblower claims that the scam is being perpetrated by Ukrainian company Milton Group from two floors of an office building in Kyiv.
The whistleblower claims to have been a part of the scams "Retention" team, where he was expected to make 300 calls each day.
The operation reportedly poses under many different business titles, including contacting victims under the guise of offering scam recovery services after they have already been duped.
The scam also impersonates national tax authorities, posting letters demanding that prospective victims settle fabricated tax debts.
The organization reportedly netted $70 million in 2019, and Dagens Nyheter noted that many victims have been duped out of their life savings.
The Guardian contacted 16 British victims of the scam, who recounted receiving an onslaught of phone calls after responding to ads.
Whistleblower Outs 'Wolf of Kyiv' for $70 Million Bitcoin Scam
에 게시 됨 Mar 2, 2020
by Cointele | 에 게시 됨 Coinage
Coinage
이 기사에서 언급
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.