The cryptocurrency Dragon Coin recently attempted to launch their fraudulent platform, promising any contributor that the company would equally invest in their shares as well. Bangkok Post reported that investors played their part, but Dragon Coin did not fulfill their end of the deal. Instead, the alleged “founders” of the platform took all of the funds from the company’s e-wallets and moved it into baht instead.
Luckily, Thai police made progress on this case pretty fast, when they established a warrant for the arrest of Jiratpisit “Boom” Jaravijit, along with seven other suspects involved. The warrant was processed after a claim from a Finnish man that Jaravijit had tricked himself and other foreigners to invest 797 million baht, which is the equivalent of $24 million, but in cryptocurrency. By August 9th, the Thai police released a statement that he has been detained, based on money-laundering charges.
Towards the beginning of August, the police force of South Korea had raided the offices owned by Shinil Group, in response to the promises made to award investors a portion of the Dmitrii Donskoi fortune. Apparently, the group agreed to reimburse the purchase of their tokens with actual gold from the shipwreck, resulting in the accrual of $53.7 million, based on the contributions of 100,000 investors.
In another recent scam, Trend Micro discovered malware software that put Bitcoin ATM’s as their target. For a fee on the darknet, buyers would receive a card that disables the network connection on the ATM to allow them to withdraw funds freely. The cost of the card was $25,000, which comes with near-field communication (NFC) capabilities.