Auscoin Scam Busted; Sam Karagiozis Arrested on Drug Trafficking Charges

Cryptovest

Published Mar 13, 2019 12:59PM ET

Updated Mar 13, 2019 02:16PM ET

Auscoin Scam Busted; Sam Karagiozis Arrested on Drug Trafficking Charges

Sam Karagiozis, a flamboyant figure in the Australian crypto space, was arrested last week on charges of drug trafficking, Auscoin as a continuation of his foray into Bitcoin, built his empire on the back of being an early Bitcoin adopter, hitting gold with the price bonanza in 2017 and 2018.

The Auscoin.io web page has been closed, and taken over by an extreme critic of the project. The page opens with a message of a potential investigation into the activity of Karagiozis.

“This website will soon o...