Reports stated that Greek police dismantled a cryptocurrency investment scam ring involving more than 8000000 EUR。
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Greek police dismantle crypto scam ring involving more than 8000000 EUR
PANews October 3 According to reports, Greek police recently successfully dismantled a cryptocurrency investment scam ring and arrested 17 suspects, including 9 military personnel. The investigation found that the amount involved exceeded 8000000 EUR, with approximately 10000 victims, each losing an average of about 800 EUR. The group operated through a pyramid-like recruitment model and lured victims with high returns, claiming that investors could double their principal within 50 days. Recently, the group carried out the scam by freezing withdrawal functions. Greek police have now seized approximately 280000 EUR in funds related to the case, and the investigation is ongoing.
PANews stated that Greek police recently dismantled a cryptocurrency investment scam ring.
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Police arrested a total of 17 suspects, including 9 military personnel.
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The investigation found that the amount involved exceeded 8000000 EUR, with approximately 10000 victims, each losing an average of about 800 EUR。
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The group used a pyramid-like recruitment model and claimed that investors could double their principal within 50 days.
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The group recently carried out the scam by freezing withdrawal functions.
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Greek police have seized approximately 280000 EUR in funds related to the case, and the investigation is ongoing.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This group attracted participants with high returns and operated by recruiting others to join. The reported “50-day doubling of principal” was the group's promotional claim, not a verified achievable return; the subsequent freezing of withdrawals meant that participants could not withdraw their funds.
Why it matters to readers
The report involves approximately 10000 victims and more than 8000000 EUR, indicating that crypto investment scams characterized by high returns, recruitment, and restricted withdrawals may cause losses on a broad scale.
When newcomers encounter projects promising to double principal in the short term, relying on inviting others to join, or preventing normal withdrawals, they should regard these as warning signs of risk.
Risks and unknowns
The original text does not provide a Greek police announcement or case materials; the number of arrests, amount involved, and scale of victims still require verification against official sources.
The investigation is ongoing, and the final determination in the case and the outcome of asset recovery remain unclear.
The original text does not disclose the platforms, wallets, tokens, or specific identities of members used by the group.
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cryptocurrency investment scam
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