London police have cracked a $1.3 million cryptocurrency fraud case, and five men have been arrested

ChainCatcher news, the Metropolitan Police of London arrested 5 men aged 21 to 37, suspected of defrauding over $1.3 million through fake cryptocurrency investment websites. The police stated that this network may have lured thousands of victims worldwide.

Investigations show that the suspects operated a "cold calling room," using fake trading platforms, celebrity endorsements, and other means to guide victims into continuously investing in fictitious token projects.