< img src = "/uploads/blogs/27/54/IB-FRC31LBR_8F0548AC.jpg" Alt = "in China 34 people received prison terms for cryptoshchrya at $ 64 million"/> ~ < P > In China, 34 people were convicted of creating a fraudulent cryptocurrency platform Ourbit, with which they stole about $ 64 million in 30,000 investors, local media reports. The court in Echzhou found that the group organized a complex scheme, pretending to be experts and manipulating data for the platform to seem legal.
< P > Ourbit was positioned as a exchange with licenses from the US, Great Britain and Singapore. She offered false trade tools, such as & laquo; zero slipping & raquo; And the stop warrants, as well as demonstrated fictitious quotations of cryptocurrencies. In reality, all transactions were fabricated and users lost their invested funds.
< p > to attract victims of fraudsters created groups in WeChat, where the false participants demonstrated counterfeit profits. The victims were persuaded to invest in deals with high credit shoulder. In case of winning accounts were blocked and new investments were required to unlock, which also disappeared.
< p > Ourbit acted as an organized structure with technology, marketing and attracting new users. The attackers hired agents and subagents, each of whom received a percentage of losses of clients involved. One of the victims reported that he lost over $ 400,000.
< p > The court found the group guilty of deliberate fraud and issued sentences from three to twelve years of prison UP & Rsquo; In addition, all convicts are brought & Rsquo; to pay great fines. The judge stressed the importance of caution during investment and warned from trust in questionable rapid earning schemes.