The High Court in Windhoek, Namibia, has revoked the bail of eight suspects involved in a crypto scam and human trafficking case, seizing approximately $29,800 in bail money. The suspects include six Chinese nationals, one from Vanuatu, and one from Singapore. Prosecutors allege the group operated through a shell company named "Raylon Investments," using a "pig-butchering" scam to defraud overseas victims of around $267,800 by transferring funds to crypto accounts under their control. Six of the Chinese suspects have been traced back to China, and Namibian authorities have sought Interpol's assistance in locating them.
Namibia Court Revokes Bail for Crypto Scam Suspects, Seizes $29,800
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