Millions in damage – crypto fraud: Grazer fled to Thailand

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Two Styrians are at the center of a million-dollar cryptocurrency fraud. There are hundreds of victims. The people from Graz and four other accomplices are in Linz prison. One of the locals wanted to go to Thailand before his arrest, but then changed his mind. Not the only highlight in the case.

This is a cryptocurrency scam with several hundred victims and a total loss of almost six million euros. Specifically, the six defendants, aged 29, 34, 36, 38 and 40, allegedly pretended to have introduced a new cryptocurrency called “LoopX”. They raised money for this between December 2017 and February 2018.

Source: Krone

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