site.bta5 Mln Leva in Cryptocurrency Seized from Computer Fraud Group

110 INTERNAL AFFAIRS - FRAUD - CRYPTOCURRENCY

5 Mln Leva in Cryptocurrency
Seized from
Computer Fraud Group


Sofia, November 26 (BTA) - The Specialized Prosecution Office and the General Directorate Combating Organized Crime uncovered a computer fraud criminal group and the illegal acquisition of more than 5 million US dollars worth of cryptocurrency. The Prosecution Office specified that the investigation was initiated at the end of June 2018.

Three individuals were charged after the November 22 seizure of their computers and flash drives, hardware portfolios and records of account numbers for multiple accounts of existing and non-existing individuals used in the illegal cryptographic acquisition scheme. The criminals used innovative mechanisms, specialized software and, above all, advanced knowledge in the area of cryptocurrency.

Numerous digital combinations have also been identified, including access codes for specific platforms offering storage and acquisition of cryptocurrency, and for hardware portfolios (cryptographic storage locations).

Two of the suspects remain permanently in custody. The prosecutor in the case set 50,000 leva bail for the third suspect.

A car worth 60,000 leva was also impounded in the investigation, because it had been purchased with funds from the illegal activity. LI/DT
/DT/