Six Charged in Paris Cryptocurrency Fraud Scheme

The suspects are accused of orchestrating fraudulent investments, leading to over €1.2 million in losses and significant asset seizures.

Six individuals have been charged in Paris for organized theft, aggravated money laundering, and cybercrime-related offenses tied to cryptocurrency fraud.
Authorities allege the group lured victims with fake investment opportunities and accessed their cryptocurrency accounts using fraudulently obtained codes.
The estimated financial damage exceeds €1.2 million, with seized assets including bank accounts, cryptocurrencies, luxury vehicles, and designer goods valued at several hundred thousand euros.
Five of the six suspects are in custody, while one, a minor at the time of the alleged crimes, has been placed under judicial supervision.
The investigation involved advanced techniques, including the first use of a cyber-detection dog trained to locate hidden electronic components.