French police have cracked a 1.5 million euro cryptocurrency fraud case, and the mother and son involved have been arrested

According to the Nice Morning Post, police in the Var department of France have cracked a cryptocurrency fraud case involving 1.5 million euros and arrested a mother and son involved in the case. The two individuals carried out Rip Deal fraud, luring a local couple from Ramatuelle to Milan and demanding that the other party pay a transaction guarantee fee of 1.5 million euros in cryptocurrency. The suspect stole the victim's encrypted account information and private key through a concealed camera, and transferred all encrypted assets. The police arrested the mother and son in Kavalair and seized a property worth 1.9 million euros under the suspect's name. Two suspects will face multiple criminal charges related to organized group fraud during their trial on September 1st.