French Trial Opens in €28 Million Cryptocurrency Fraud Case A trial has commenced in France against a group accused of defrauding around 1,300 individuals out of €28 million through fraudulent cryptocurrency and diamond investment websites. The group is also alleged to have posed as player agents and diverted €60,000 in wages from a French professional football club. Modus Operandi The group allegedly established fake websites to lure victims into investing in cryptocurrency and diamonds. They also targeted individuals by posing as player agents and redirecting their wages. Trial Timeline The trial is anticipated to continue for four weeks. Recovered Funds Authorities have successfully recovered €2.8 million of the stolen funds. This case serves as a reminder of the prevalence of cryptocurrency fraud and the importance of exercising caution when investing in digital assets.