Norway’s Crypto Fraud: $80 Million Heist From Thousands of Investors

Norwegian authorities have charged four men for orchestrating a large-scale cryptocurrency investment fraud that has resulted in losses exceeding 900 million kroner ($80 million). The scheme, which operated between March 2015 and November 2018, allegedly tricked thousands of investors into believing they were funding profitable ventures linked to gas, mining, and real estate. However, a detailed investigation by Økokrim revealed no actual investments were made.