**Massive 9.5 Billion TL Cryptocurrency Fraud Operation Uncovered in Aydın: 9 Arrested!**
A fraudulent network involved in converting illicit gains into cryptocurrencies has been dismantled.
**Author:** Elif Azra Güven
**Date:** 01.07.2024 – 14:47
**Updated:** 5 seconds ago
In recent days, reports of cryptocurrency fraud have been on the rise, and a significant case has emerged from Aydın. According to NTV, authorities have apprehended a network that engaged in fraud and money laundering by converting criminal proceeds into cryptocurrencies.
A statement from the Cyber Crimes Department of the Aydın Provincial Gendarmerie Command, coordinated by the Nazilli Chief Public Prosecutor’s Office, revealed that an operation across four provinces—Aydın, Istanbul, Mardin, and Iğdır—resulted in the detention of nine individuals. Efforts are ongoing to apprehend two additional suspects.
Investigations uncovered that the suspects created multiple websites for socializing, dating, and chatting, as well as fake social media accounts, to interact with their victims. Using the personal data they obtained, the suspects sent fake legal documents, including lawsuits, settlements, and enforcement notices, along with lawyer ID photos, to the victims. They extorted money under the guise of settlement fees, attorney fees, and case closing fees.
Authorities also discovered that the suspects laundered the illicit funds by converting them into cryptocurrencies, utilizing numerous cold wallets and foreign cryptocurrency exchanges for the transfers.
According to the statement, coordinated efforts with MASAK revealed that the suspects laundered a staggering 9 billion 411 million 527 thousand 142 TL through cryptocurrency transactions.
*This information does not constitute investment advice.*
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