Police Arrest Dutch Cryptocurrency CEO in Rumored $25 Million Fraud Case

Cointelegraph

Published May 21, 2019 07:48AM ET

Updated May 21, 2019 12:42PM ET

Police Arrest Dutch Cryptocurrency CEO in Rumored $25 Million Fraud Case

Disclaimer. This article has been updated to change the amount involved in the fraud case, as it was misreported in an English version of a Dutch article on the subject.

Dutch police have arrested a former entrepreneur for fraud after alleging he conned investors in a fake bitcoin (BTC) mining operation out of €23 million ($25 million), Dutch daily news outlet De Gelderlander reported on May 21.

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