Alleged Fraudster Arrested in China Over $15M Mining Hardware Con

When making funding selections it’s at all times necessary to recollect the previous saying, “If one thing appears too good to be true, it most likely is.” That is very true if anybody guarantees you a bitcoin mining rig, which individuals look forward to months in advance, at only a third of the retail worth.

Additionally Learn: Silicon Valley Whales Purchase Diamonds in the Hundreds of thousands With Bitcoin

The $15 Million Sting

The cryptocurrency market is normally hit with somewhat subtle cyber crimes like ransomware, hacking and malicious code injections. Nonetheless, good quaint strategies of separating individuals from their cash haven’t disappeared. A brand new instance of this comes from China the place a person allegedly made about $15 million by simply interesting to individuals’s greed, promising mining at an enormous low cost, and easily working away with the cash.

Mr. Zhang, a resident of Anhui province in his twenties, has been arrested for allegedly…

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