South Korean police use AI to bust $19M Bitcoin-fuelled pyramid scam42.01

South Korean police have caught the masterminds of a Bitcoin-fuelled Ponzi scheme responsible for generating almost $19 million in revenue. The scam, called “M-Coin,” is said to have targeted those with poor understanding of the technology – mostly elderly people, retirees, and housewives – with promises of free cryptocurrency and recruitment bonuses for signing up others, reports Korea Joon Gang ...

Original source

Add comment

Please Sign in to be able to leave comments.