Chinese man arrested for stealing $ 15 million from buyers of miners

A fraudster was arrested in China, who convinced customers that he had a reliable supply chain of miners, and after a while refused to continue to fulfill obligations without returning $ 15 million to investors.

The detainee posted ads on the network for the sale of ASICs for bitcoin on favorable terms. He offered equipment for $ 1,500 at the height of the cryptocurrency boom, when the market price of the miners he indicated was $ 4,600. However, in order to receive the goods, customers had to wait two months.

Chinese man arrested for stealing $ 15 million from buyers of miners

Initially, buyers were cautious and few believed the promises, but after he actually started fulfilling orders, investors began to turn to him en masse. By mid-2018, the scammer refused to supply 3,000 miners, saying that he could not continue the business due to rising prices, and disappeared.

Later, the police detained the schemer, who turned out to be a 20-year-old resident of the Chinese province of Anhui. It turned out that the fraudster himself bought all the supplied ASICs at the market price and lost $ 3000 for each sale, but he did this in order to attract customers and not arouse suspicion at the initial stage. The case is still under investigation.

Recall that billionaire from China Jack Ma considers Bitcoin to be a bubble.

text: Ivan Malichenko, photo: Visual Hunt

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