A man was arrested by the Venezuelan Scientific, Criminal and Criminalistic Investigations Corps (Cicpc), after being accused of an alleged scam involving the stablecoin tether (USDT) and the cryptocurrency exchange Binance.
According to the information provided by commissioner Douglas Rico, director of the scientific police, the arrested subject responds to the name of Edgar Alexander RodrÃguez Gil and was captured in the state of BolÃvar, in the south of the country.
Rodriguez Gil recruited his victims through the social network Facebook, where he offered to exchange Tether for dollars in cash through Binance, highlights the publication of Commissioner Rico.
“After finalizing the negotiations and having the money, he would send fraudulent transfer receipts, affecting the economic patrimony of his victims,” Rico said.
The alleged criminal was captured with USD 5,000 in cash and placed at the disposal of the 11th Prosecutor’s Office of the Venezuelan Public Prosecutor’s Office.
This case differs from others, since normally all transactions are made within the Binance P2P buying and selling market, without resorting to other platforms or social networks.
One of the cases told how three subjects used several profiles with fake names in Binance.
The victims received the alleged payments in their bank accounts for the sale of cryptoassets, but found the funds blocked.
When the alleged criminals verified that they had received the cryptocurrencies in their wallet, they blocked the money in the bank account and then proceeded to make arrangements for the funds to return to their respective accounts.
Binance is not registered in Venezuela
It should be noted, that Binance is an exchange that applies security measures to prevent fraud in its application, however, organized crime has learned to use the platform.
It is important to note that all cryptoasset exchanges operating in Venezuela are legally required to register with the corresponding regulator.
Precisely Binance, despite being one of the most used in the Caribbean nation, has not registered with the National Superintendence of Cryptoassets (Sunacrip).
Read Also
- Binance Denies Forbes’ Claims of Misuse of Funds, Stoking Cryptocurrency Community Doubts
- Venezuela to monitor cryptocurrency-related banking transactions in real time
- Venezuela gives crypto some love: Bitcoin and other cryptocurrencies exempt from some taxes for one year
- Latin America’s Merchants Slow to Adopt Cryptocurrencies, Survey Shows
- Currency Union in Latin America: Brazil and Argentina to Launch Common Currency
Previous Articles:
- Bitcoin Mining Centralization: Is Stratum V2 the Solution?
- Jack Dorsey Offers 10 Bitcoins for Creation of Decentralized GitHub Alternative
- EOS Rises in the Midst of Market Turmoil, Aims to Regain Web3 Leadership
- Collapse of All Assets: Brace Yourselves for a Decade of Economic Disaster and the West’s Suicidal Tendencies
- Silvergate Bank’s Cryptocurrency Payment Network Closes, Impacting Bitcoin and Altcoins
