Over 1,000 Taiwanese investors have been the victim of a Bitcoin investment scam that stole NTD 50m, around $1.6m, following a promotion on LINE, the instant social chat app. The company said it had received reports from more than 100 people who invested in cryptocurrencies and lost their money. The perpetrators have disappeared but the Taipei police force is said to be investigating.
Over 1,000 Taiwanese investors have been the victim of a Bitcoin investment scam that stole NTD 50m, around $1.6m, following a promotion on LINE, the instant social chat app. Investors were promised returns of 250% within a month, with higher returns over a longer period. The perpetrators have disappeared but the Taipei police force is said to be investigating.