Techub News reports that the Vienna police in Austria have cracked a cryptocurrency fraud case involving a sum of 1.2 million euros (approximately 1.26 million dollars) known as 'Rip-Deal 2.0'. According to the police, the fraudsters used counterfeit money to deceive victims into giving up their cryptocurrency, which was then used to purchase luxury items such as expensive watches. When the suspects were apprehended, the police also discovered they were in possession of counterfeit money worth 200,000 euros.