Paraguay police have arrested 10 suspects, aged 18 to 20, accused of stealing $1.2 million from hundreds of bank accounts and e-wallets. During the operation, authorities seized $400,000 worth of cryptocurrency, allegedly used by the group for money laundering. The investigation revealed the group was led by an 18-year-old, with most members being recent school graduates. They recruited at least 400 'money mules' to provide bank account information, converting stolen funds into cryptocurrency via over-the-counter (OTC) platforms.
Paraguay Police Arrest 10 in $1.2 Million Crypto Theft Scheme
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