In a joint operation with the Dutch police and Europol the UK law enforcement agencies have arrested 6 people in connection with a 24 million (27.2 million USD) crypto currency theft.
The alleged scammers have stolen the deposits of at least 4000 victims from 12 European countries.
According to police sources, however, the real number of scammed investors and the total amount of stolen funds might prove significantly higher.
The investigation, which took 14 months, was led by the UK’s South West Regional Cyber Crime Unit (SW RCCU) with the support of the Dutch police, Europol, Eurojust, and the UK’s National Crime Agency (NCA).
“The investigation relates to typosquatting, where a well-known online crypto currency exchange was ‘spoofed’ – or recreated to imitate the genuine site – to gain access to victims’ Bitcoin wallets, stealing their funds and login details,” the police announcement said.
The investigation was initiated in the UK, but because some of the scammers resided in the Netherlands, in February 2018 the case was referred to the European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT) of the Europol.
The arrests were made in two Dutch cities and the UK.