Three people were arrested in the Netherlands in a Belgian investigation into a criminal organization engaged in cryptocurrency fraud, the Belgian Public Prosecution Service said. According to the authorities, this criminal organization targeted people on higher-end real estate platforms and arranged to meet them in Amsterdam, Maastricht, Brussels, Paris, Barcelona, or Milan.
Once they had physical contact with the potential victims, the suspects asked to do a side deal in addition to the real estate purchase. They asked whether they could exchange large denominations of cash for small denominations of cash, or gold for cash, or cryptocurrency for cash at a generous commission of 10 to 15 percent.