According to ChainCatcher, on-chain detective ZachXBT said that an over-the-counter crypto scammer was raided and arrested in Europe, and about $17 million in assets involved in the case have been seized.

The scammer defrauded $7.1 million (14,600 TAO) from a TAO whale in February 2024. In addition, he also defrauded ZYN, MOG, Kondux, Ordiswap, Landwolf and Hash AI whales of more than $8 million this year.