Vienna police recently busted a $1.2 million crypto scam dubbed 'Rip-Deal 2.0.' The operation involved a 39-year-old suspect arrested in Milan with Europol's help. The scam, a new twist on the Rip-Deal scheme, saw victims exchanging cryptocurrency for counterfeit cash. The suspect, linked to organized gangs from the Western Balkans, was sentenced to three years in prison. The fraud unit resolved 102 cases totaling $26.2 million in damages since 2020. Victims, spread across Austria, Switzerland, and Germany, often fear reporting such crimes. To combat such scams, experts recommend using anti-surveillance tools during sensitive transactions. These tools can detect hidden cameras and signal blockers. Building trust with victims through anonymous reporting mechanisms is crucial for cybersecurity firms and law enforcement agencies. Read more AI-generated news on: https://app.chaingpt.org/news