Dutch student allegedly stole up to €10M running crypto bank
Dutch legal teams are hunting a 23-year-old law student and self-styled crypto banker who has vanished after allegedly stealing up to €10 million in a suspected pyramid scheme. As reported by rtv Oost, for two years a 23-year-old from Hengelo, Netherlands, was reportedly running a crypto bank while accepting investments from his family, close associates, and strangers across town. He reportedly accepted a minimum fee of €5,000 for his crypto-investing while taking 50% of the profits as payment for his service. His work is said to have earned the local title of ‘crypto genius.’ On Wednesday, an email was reportedly sent to his estimated 300 investors claiming that, with regret, he can no longer pay them back as he has lost all the invested funds, including his own money. Dutch lawyers say amounts ranging from €35,000 to €50,000 in crypto have been taken from individuals. One victim said, “We suspect that it could be a rough estimate of an amount between 4.5 and perha...