ITALY’S BIGGEST CRYPTOCURRENCY FRAUD: EXIT SCAM OR AN OUTSIDE JOB?
May 1st, 2021
ITALY’S postal police suspect that the owner and manager of now bankrupt Italian cryptocurrency exchange BitGrail may have been involved in one of the country’s biggest cryptocurrency hacks resulting in approximately EUR120 million in losses. Public prosecutors in Florence are expected to bring the accused (formally named by his initials FF in these proceedings, under Italian privacy laws) before a criminal court over his alleged involvement in the scam, which defrauded over 230,000 users worldwide. Brenda Dionisi reports from Milan.
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