On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Irish Police Investigate Massive Bitcoin Scam That Allegedly Stole Millions From High-Net-Worth Individuals
Irish police are on high alert due to the rising number of cases related to a bitcoin-related scam targeting high-net-worth people in the country. The situation has become worrisome because suspicious high-value transactions have already been noticed by authorities.
Authorities Already Searched One Property Tied to One of the Suspects
According to The Irish Times, Gardaà (Ireland’s police) investigates what they consider a major crypto scam whose criminals could be residing in the country. A local bank already raised concerns about a suspicious transaction of 500,000 euros ($586,500) from a dormant account.
After inquiries conducted by Gardaà on the older customer who wanted to invest such an amount of money into what he believed was a legit crypto business opportunity, he accepted the police’s advice to not send the fiat money.
But per the media outlet, it seems other similar transactions took place before they acted to block the 500,000 euros move to the criminals’ wallet. In fact, the victim wanted to exchange the money into cryptos and then deposit it into a bitcoin (BTC) wallet belonging allegedly to the scammers.
Although no arrests have been made as of press time, Irish police already searched on a property in south Dublin, allegedly tied to some suspects.
The report says mobile phones, computers, cash, designer handbags, and jewelry was found and seized by the authorities.
Moreover, investigations are focused on how the criminals — some of them are allegedly foreign nationals and based in Dublin — approached the victims and gained their confidence.
Overseas Authorities Are Helping the Irish Police on the Investigation
Police are worried about the destination of some of the funds received by the ostensible bitcoin scammers, as they’re trying to determine how much money was exchanged into fiat and if it’s being held on overseas bank accounts. Still, Gardaà believes funds could have reached “several million.”
Pat Lordan, an official of the Gardaà National Economic Crime Bureau, issued the following warning:
One case involved a retired professional from the midlands who lost his entire pension and savings of nearly €250,000. Our advice is simple: don’t respond to unsolicited approaches, be wary of wild claims, and never ever let anyone have remote access to your computer.
What do you think about this massive bitcoin scam taking place in Ireland? Let us know in the comments section below.
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