🇪🇪 A court has placed two suspects in pretrial detention on suspicion of operating a fraudulent crypto investment scheme that netted 1.37 million euros.

Between November 2023 and November 2025, investors allegedly transferred a total of approximately 1.37 million euros to companies and personal bank accounts linked to the two suspects.

The group presented, according to preliminary information, false documents and false information on social media and to the public during seminars... with the aim of gaining trust and deceiving victims.

They notably claimed that their token would be listed on an exchange and could potentially reach a value similar to Bitcoin in the future.

In fact, nearly half of the collected funds were diverted by the perpetrators for their own personal use.

"Investors were led to believe that their money would be devoted to the development of virtual currencies and projects intended to generate returns in the future, but in reality, no such investment activity took place. Data collected so far in the course of the investigation suggests that approximately (40%) of the funds intended for investment was used by the suspects for personal expenses rather than developing the promised projects,"

declares Judge Hüva.