Tag: LoopX

Austrian Cybercrime Police Dismantle International Crypto Scam LoopX

Crypto Schemes Ben - May 8, 2024

In a crackdown on crypto fraud, the Austrian Cybercrime Competence Center (C4) of the Federal Criminal Police Office, in coordination with the Public Prosecutor's Office for Economic Affairs and Corruption (WKStA), has successfully dismantled an international scam operation known as LoopX. This extensive investigation culminated in the arrest of six individuals involved in a sophisticated "exit scam" that defrauded investors of several million euros.

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