The founders of the fund offered to invest in fictitious tokens, which are not on the list of those available for trading on any international cryptocurrency exchange, law enforcement officials say.
The fund's clients were promised not only passive income, but also bonuses for attracting new participants. Funds received from users were transferred to the cryptocurrency wallet of the S-Group organizers. The number of victims is in the thousands, and the damage is estimated at tens of millions of hryvnia.
The geography of the project's activities covered Ukraine, Russia and the countries of the European Union. Investigators claim that the organizers of the scheme were Ukrainian citizens. The investigation and prosecution of those responsible are ongoing. Investigators ask victims to contact the National Police.
Earlier, the head of the US Securities and Exchange Commission, Gary Gensler, said that scammers around the world are increasingly taking advantage of the growing popularity of crypto assets, luring and deceiving retail investors.
Source: Bits
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