Wed, 3 September
29.6 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Fraudsters steal $718,000 worth bitcoins from Armenian in Moscow

YEREVAN, June 29. /ARKA/. Russian law-enforcement authorities have detained a resident of the town of Korolev near Moscow on suspicion of embezzling bitcoins worth over 45 million Russian rubles (about $718 thousand), capost.media reported.

It said a 25-year-old Armenian native who works as an executive director for Business Network LLC, told the police that unknown people had promised to help him sell 103 bitcoins. The Armenian handed them the bitcoins in the premises of a bank.

The investigation was complicated by the fact that the Armenian could not remember the name and the location of the bank, or the fraudsters. After the transfer of the cryptocurrency, the criminals “disappeared from the radar”. The police succeeded in establishing the place where the bitcoins were handed.

A criminal case was instituted under Part 4 of Art. 159 of the Criminal Code of Russia “fraud committed in a particularly large amount.” On suspicion of embezzlement by deception, the 27-year-old director of the Center for Med Groups was detained. A Lublin district court placed him under house arrest. At the moment, an investigation is being conducted to establish all the circumstances of the case, as well as to find possible accomplices in the crime. -0-

spot_img

POPULAR

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img