AUSTRAC Performed First Crypto Fraudster Arrests
The Australian police have arrested a 38-year-old man from Cairnlea in his own house after conducting extensive investigations about his proposed fraudulent activities with the help of cryptocurrencies.
The police raided the man’s house and found exorbitant amounts of cash just lying around the house alongside multiple fake identity documents in order to hide the criminal’s face and real name.
According to the report, several other assets have been seized by the police, including a Bitcoin ATM stationed in a nearby shopping center in Braybrook. Several users have reported that the ATM was fraudulent and was not providing the services it was advertised for. Some people even reported having been directly scammed by the ATM as it refused to pay out cryptocurrencies.
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