{"id":53417,"date":"2021-11-23T17:56:08","date_gmt":"2021-11-23T15:56:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53417"},"modified":"2025-09-03T15:02:18","modified_gmt":"2025-09-03T12:02:18","slug":"in-latvia-investigators-have-tracked-down-the-suspect-behind-a-scam-crypto-project-that-defrauded-e500000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/in-latvia-investigators-have-tracked-down-the-suspect-behind-a-scam-crypto-project-that-defrauded-e500000\/","title":{"rendered":"In Latvia, investigators have tracked down the suspect behind a scam crypto project that defrauded \u20ac500,000"},"content":{"rendered":"<p>Law enforcement in Latvia detained the suspect behind a fraudulent crypto project who fled with \u20ac500,000 from victims.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">Identified as one of the largest cryptocurrency scammers based in Spain and sought by INTERPOL since 2015<\/p>\n<p>In his latest scam, he created a virtual currency under the token \u201cHoldlife\u201d and embezzled more than half a million euros from hundreds of victims<a href=\"https:\/\/t.co\/GecAPYaaS5\">https:\/\/t.co\/GecAPYaaS5<\/a> <a href=\"https:\/\/t.co\/1XIfFbUx8s\">pic.twitter.com\/1XIfFbUx8s<\/a><\/p>\n<p>\u2014 Guardia Civil (@guardiacivil) <a href=\"https:\/\/twitter.com\/guardiacivil\/status\/1463130218751795207?ref_src=twsrc%5Etfw\">November 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>According to the Spanish Civil Guard, the detainee is the creator of the Hodlife project and the Hodlife token. He promoted the fraudulent platform on social media and hired an actor who appeared in a video presenting himself as the founder of a supposedly promising platform that promises quick profits.<\/p>\n<p>In June last year, Hodlife&#8217;s creator carried out an exit scam and fled with investors\u2019 funds. Preliminarily, more than 1,000 investors were harmed, and the amount of losses exceeded \u20ac500,000.<\/p>\n<p>The stolen funds were laundered through mixing services, but authorities were able to establish links between various wallets and track down the perpetrator. He used forged documents and operated from Spain.<\/p>\n<p>Interpol had been seeking the suspect since 2015. He was described as &#8220;one of the largest cryptocurrency scammers based in Spain.&#8221;<\/p>\n<p>Earlier in Israel <a href=\"https:\/\/forklog.com\/en\/news\/founder-of-sirin-labs-arrested-in-israel-on-suspicion-of-fraud\">arrested<\/a> the founder of ICO startups Sirin Labs, Stx Technologies Limited (Stox) and Leadcoin Moshe Hogeg on suspicion of cryptocurrency fraud and money laundering.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Law enforcement in Latvia detained the suspect behind a fraudulent crypto project who fled with \u20ac500,000 from victims.<\/p>\n","protected":false},"author":1,"featured_media":53418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,699,1444,741],"class_list":["post-53417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-latvia","tag-law-enforcement","tag-spain"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53417"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53417\/revisions"}],"predecessor-version":[{"id":53419,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53417\/revisions\/53419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53418"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}