ChainCatcher Latest News, on-chain detective ZachXBT reports that an over-the-counter (OTC) crypto scammer was raided and arrested in Europe. The police have confiscated assets related to the case, totaling approximately $17 million 💰.

This scammer successfully defrauded a TAO whale of $7.1 million (14,600 TAO) in February 2024. In addition, he has also targeted whales such as ZYN, MOG, Kondux, Ordiswap, Landwolf, and Hash AI this year, with fraudulent amounts exceeding $8 million.

This event reminds us to remain vigilant in crypto trading and ensure transaction security 🔒. While the market is full of opportunities, risks also exist.