Report: Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News

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Report: Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News
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During the arrests, the police said as many as 95 phones and 3,367 SIM cards were seized. cryptomining btc

Egyptian police recently arrested 29 individuals thought to be the masterminds of the Hoggpool cryptocurrency investment scam, a report said. During the arrests, the police reportedly said as many as 95 phones and 3,367 SIM cards were seized. Domestic and foreign currency worth $194,000 was also recovered, the report added.

In addition to the promises of a high return on investment, the alleged scammers are also accused of using forged documents to lure unsuspecting victims. One such document is the so-called certificate of fact of good standing that was supposedly issued to Hoggpool by the Office of the Secretary of State of the U.S. state of Colorado.

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