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Paraguayan Police Seize $400,000 in Cryptocurrency from Teenage Hacker Gang
Svmuu News: Paraguayan police have arrested 10 suspects aged between 18 and 20, who are accused of stealing $1.2 million from hundreds of bank accounts and e-wallets. Authorities confiscated $400,000 worth of cryptocurrency, which the gang allegedly used for money laundering. The group recruited 400 money mules to provide personal information and bank accounts, converting the funds into cryptocurrency after draining the victims' accounts. Suspects reportedly purchased cryptocurrency at two to three times the market price to expedite transactions, raising investor suspicions and leading to police reports. Investigations revealed the gang's leader is an 18-year-old male, and multiple arrest warrants have been issued by the court.
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