Roughly 27,500 cryptocurrency investors from South Africa, Australia and the US have been duped by a large-scale Bitcoin scam β€” with reported losses upwards of $50 million. The Directorate for Priority Crime Investigation spokesman Captain Lloyd Ramovha confirmed yesterday that investigations have been launched against BTC Global after reports of large-scale fraud have come flooding in. BTC Global has allegedly made off with over $50 million in Bitcoin transferred into an online wallet address. Confirmed Read More The post Over $50 Million Lost in South African Bitcoin Scam appeared first on Bitcoinist.com.



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