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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

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...
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Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe

Six People Arrested in Connection to a $36M Crypto Scam That Operated From Multiple Locations of Europe

Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals across Europe.

Raids Conducted in Poland, North Macedonia, and Sweden

According to The National News, the investigation from the German police was initiated after locals accused a gang of stealing over 7 million euros ($8.5 million) in the country through bogus online trading platforms, which promoted high yield returns from investing in cryptocurrencies.

Five of the six people were taken into custody by the authorities in Bulgaria, and one in Israel, stated the media outlet, in collaboration with Europol. Raids were also done in Poland, North Macedonia, and Sweden as part of the investigation.

Europol issued a statement about how the millionaire digital asset scam operated:

The criminal group ran at least four such professional-looking trading platforms, luring victims through advertisements on social media and search engines. The members of the criminal group were posing as experienced brokers when contacting the victims via the call center they had set up. The suspects were using manipulated software to show the gains from the investments and to motivate the victims to invest even more.

Furthermore, law enforcement confirmed the seizure of properties, jewelry, luxury vehicles, electronic devices, and 2 million euros ($2.4 million) in cash allegedly connected to the scam’s masterminds.

Victims Also Reported in Spain

The call centers where the scammers ran their fraudulent investment scheme were based in Bulgaria and North Macedonia, ran mostly by Israeli citizens.

Also, authorities believe the criminals laundered stolen money via shell companies established in European Union countries.

But the extent of the victims reached Spain, where 300 complaints were reportedly filed by people who allegedly were scammed by the same fraudsters.

What do you think about the bogus crypto-related scheme taken down by the German authorities? Let us know in the comments section below.

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