Colonial police stop a$ 21 million crypto con ring that used artificial intelligence to extort investors.

In a two-year operation to defame a crypto investment scam ring that used artificial intelligence to con 208 people out of over €19 million ($ 21.55 million ) in total, Spanish police have detained six people. &nbsp,

According to the Spanish National Police, the operation began two years ago when a person from the city of Granada reported to the authorities that he had lost more than €700,000. &nbsp,

Authorities claimed that the alleged criminals persuaded potential investors to give them real-life star videos powered by artificial intelligence. &nbsp,

The party had advise subjects that in order to be able to unlock their initial purchase, they would need to put more money into the scheme, which promised sizable results through blockchain investment, to keep the fraud going. &nbsp,

Spanish authorities did not specify which bitcoin the con artists used, but did issue a general warning to the public about investing in digital property. &nbsp,

The Spanish Police reaffirms the importance of extreme caution when dealing with purchase offers that claim large income and no risks, according to the National Police and the Civil Guard.

Be aware of the allegedly fictitious use of artificial intelligence to create ads in which presumably well-known personalities advise investing in illegal platforms, especially.

The mind of the legal circle was discovered before fleeing to Dubai, according to police, adding that the six suspects detained ranged in age from 34 to 57 years old. The authorities did not disclose whether they had been able to recover the money lost. &nbsp,

The investigation is still ongoing despite allegations of fraud, money laundering, and false evidence.

Scammers have for decades created fake accounts using false videos of famous people promising high returns as part of online scams by using stars to extort money from would-be investors in bitcoin scams.

In addition, there have recently been numerous celebrity social media accounts that have been used to promote pump-and-dump post coin scams. Legendary Guns N’ Roses guitar Slash left X just this week after his account was stolen and hacked to encourage such a scam.

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