According to news from CoinWorld and Protos, a 24-year-old law student from the Netherlands was arrested by police on suspicion of operating a multi-million euro cryptocurrency scam. This individual went missing last year after his trading scheme collapsed, causing around 300 investors to lose up to 4.5 million euros (approximately 4.6 million USD). It is reported that the student, who called himself a 'crypto banker', was harassed by investors after the plan collapsed and subsequently sought help from the police, who placed him in a safe location. However, this week the police arrested him based on new evidence submitted by a foundation established by the victims, which aims to trace the whereabouts of the lost funds. Victims allege that the student continued to attract new investors even as the plan approached collapse and was accused by lawyers of operating a cryptocurrency Ponzi scheme, using funds from new investors to pay back old investors. He required a minimum investment threshold of 5,000 euros and took 50% of the profits as compensation. The case is currently under further investigation.