Share story
Security Policy

European police seize more than 100 servers in trading-scam investigation

European police seize more than 100 servers in trading-scam investigation Image: Primary
European authorities arrested seven suspects and seized more than 100 servers in an operation targeting a company suspected of supplying fraudulent trading websites to criminal gangs. Europol and Eurojust supported the action, which involved authorities from Albania, Cyprus, Finland, Germany, Kosovo and North Macedonia. Investigators linked call-center operators to potential victims in at least 50 countries. The suspected scheme used deceptive advertisements, fake trading accounts and fictitious profits to induce larger transfers, then obstructed withdrawals. Europol said evidence pointed to a company allegedly operating the service from Cyprus and Israel.
Sources
BleepingComputer
Published by Tech & Business, a media brand covering technology and business. This story was sourced from BleepingComputer and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.

Crunchbase News
Capital
Capital

Evertrue closes $17 million fund for early-stage European startups

Yvonne Bajela announced that Evertrue closed an oversubscribed $17 million first fund to invest in early-stage companies across the U.K. and Europe. The firm has already backed seven companies and will invest mainly in AI and fintech.

Venture Capital News | TechCrunch