US Marshals to Sell 2170 BTCs

The price of sale is unknown, but their average market value was about $ 18.7 million
23 March 2018   709

The US Federal Marshals Service conducted another auction, during which 2,170.7 bitcoins were sold. As noted by the representative of the department, most of the lots, 2100 BTC, was bought by one of the participants, reports CoinDesk.

It is unknown on which rate bitcoins were sold, but at the time of publication, their average market value was about $ 18.7 million. In total, 42 buyers participated in the auction.

Recall, the auction was announced on March 6. As it was reported then, it was planned to auction 14 individual lots for the auction: two for 500 BTC, eleven for 100 BTC and one for 70 BTC.

The origin of most confiscated bitcoins is indicated on the official website of the department. Some coins are associated with the case of former US Secret Service agent Sean Bridges, who was sentenced to imprisonment for stealing bitcoins during the investigation of the DarkNet Market.

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   291

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.