BitFlyer released prepaid Visa cards

Now customers of the largest Japanese cryptoexchange will be able to prepaid Visa card with Bitcoins
08 October 2017   1195

The largest Japanese crypto exchange bitFlyer has provided users with the opportunity to use prepaid Visa cards. This is reported by Bitcoin.com.

A new option appeared thanks to the cooperation with the Vandle Card. Users will be able to replenish the card with bitcoins on the bitFlyer website or through third-party cryptowallets. Also, according to the representatives of the exchange, the first 1000 users of the new service will receive gifts. The opportunity to order a card appeared on October 6.

Holders of prepaid cards from bitFlyer will be able to pay for goods and services at any outlet that accepts Visa cards. Also, representatives of bitFlyer noted that the company will not charge fees for the issue and maintenance of the card. You can top-up the balance on the website of bitFlyer or via the mobile application. The currency of the card is displayed in Japanese yen.

As for the limits, within a month, 30,000 yen (about $ 267) can be added to the card, for the entire period of use - 1 million yen ($ 8879). In this case, the balance should not exceed 100 thousand yen. The card is valid for five years.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   277

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.