Three Bulgarians were put behind bars after the country the division of the anti-organized crime has brought down an illegal scheme of cryptocurrencies worth $ 3 million.
An elaborate plan
According to the Bulgarian press agency,, the country's anti-organized crime division managed to eliminate an illegal scheme for the acquisition of cryptocurrencies. Special forces seized $ 3 million worth of digital currencies, as well as a hardware portfolio and notebooks containing reports of fictitious and real individuals that were used in the elaborate scam.
The report also states that those arrested had a particularly good and in-depth knowledge of the field and acted professionally and with intent to commit the crime. According to the report, they used innovative mechanisms, specialized software and complex knowledge in the field of cryptocurrency trading.
Reportedly, the anti-organized crime division also seized a vehicle worth about $ 35,000, which was allegedly purchased with money from the illicit activities.
Spiral of arrests related to cryptocurrency in Bulgaria
While the court has yet to decide the guilt of the three Bulgarian arrested, this is not the first crime related to the cryptocurrency recently unveiled in the country.
Just a few weeks ago, Live Bitcoin News reported that two Bulgarian officials were arrested for accepting Bitcoin bribes for issuing illegal identity documents.
Cryptocurrency crime seems to be increasing internationally. Japan is one of the last countries affected by a pyramid scheme in the field. However, unlike the 3 million dollar case of Bulgaria, this involved more than 6,000 victims in 44 prefectures in the country and managed to raise almost $ 70 million.
In addition, the UK FCA has intensified its efforts, doubling the number of investigations involving cryptocurrency companies.
What do you think of the increase in the number of criminal cases in the cryptocurrency field? Do not hesitate to let us know in the comments below!
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