Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Greek police smashed a cryptocurrency pyramid scam involving approximately US$8 million
According to a statement issued by the Greek police on October 2, the Greek police arrested 17 suspects and destroyed a criminal organization suspected of operating a cryptocurrency pyramid scam. The scam defrauded approximately $8 million from at least 10,000 participants.
Investigators in the northern city of Katerini led the months-long investigation. The operation ultimately ended in coordinated raids in nine regions of Greece, where police seized large amounts of cash, computers and dozens of storage devices on the spot.
Scam structure that promises to double returns within 50 days
Police said the gang operated through a seemingly legitimate corporate structure and online platform, using false guarantees to mislead investors, claiming that its initial capital would double within 50 days. The organization has been active for some time since 2025, with an estimated approximately US$8 million flowing into the platform and recruiting at least 10,000 participants.
Members systematically commit to providing high returns and extremely low or zero risk returns, while other members focus on attracting new investors to increase their own returns. This hierarchical structure gives the operation a typical pyramid character. In addition, the organization has not obtained any license from the competent authority.
This crackdown continues the law enforcement model against similar scams. Previously, Ukraine police had smashed a cryptocurrency fraud ring that stole about US$1 million a month.
Coordinated arrest operation across nine regions
这次协调行动覆盖了彼里亚（Pieria）、拉里萨（Larissa）、米蒂利尼（Mytilini）、帕特拉斯（Patras）、约阿尼纳（Ioannina）、科莫蒂尼（Komotini）、普雷韦扎（Preveza）、阿提卡（Attica）和卡瓦拉（Kavala）等九个地区，共逮捕17名成员，其中包括两名被指认的头目，并对另外9人立案侦查。
警方确认了18名受害者，他们通过该平台共同投资了55,970欧元。这一数字仅占该骗局预计总涉案金额的极小部分。
在对五个办公室、九处住宅及其他场所进行的搜查中，警方查获了295,090欧元现金、32部手机、38个U盘、16个数据存储硬盘、28台电脑、15台平板电脑、一台点钞机以及一台闭路电视录像机等物品。此外，警方还在一名嫌疑人的住处发现了一把信号枪、鞭炮和金属弹丸。
司法程序正在进行中
希腊警方表示，嫌疑人已被移交至卡泰里尼的检察官面前，并由调查法官进一步审理。随着当局着手处理包含另外9名团伙成员案情的卷宗，调查仍在继续。
Given that the platform is estimated to have recruited at least 10,000 participants, the number of victims currently identified may increase further. This case reflects the increased efforts of law enforcement agencies to crack down on cryptocurrency investment fraud. Previously, cryptocurrency fraud investigations across Europe have combined on-chain tracking with cross-border coordination, forming a broader law enforcement synergy.
