Paraguayan police have arrested 10 individuals aged 18 to 20, suspected of orchestrating a cybercrime operation that stole $1.2 million from bank accounts and digital wallets. Authorities seized $400,000 in cryptocurrency, allegedly used for laundering the stolen funds.
The group reportedly recruited 400 money mules to facilitate the theft by providing personal and bank details. They converted the stolen money into cryptocurrency, purchasing it at inflated prices to speed up transactions, which drew the attention of investors who alerted the police. The investigation identified an 18-year-old as the ringleader, leading to multiple arrest warrants.
Paraguayan Police Arrest Teen Hackers, Seize $400,000 in Crypto
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