Dutch police arrested two men on September 9 for allegedly using counterfeit EURC stablecoins to fraudulently purchase multiple Rolex watches through the Marktplaats classifieds platform. The suspects, aged 24 from Geleen and 45 from Leiden, used fake tokens that were visually indistinguishable from legitimate EURC but could not be converted to euros after sellers received payment.
Authorities issued a warning following the arrests, advising cryptocurrency users to conduct payments only through familiar and trusted methods to avoid similar scams involving counterfeit digital assets.
Dutch Police Arrest Two Suspects in Fake EURC Stablecoin Rolex Fraud Scheme
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