Digital Asset
Intelligence
Security Incident

Vitae Scam: $1.12M Reported Loss

·Historical incident record

Incident Overview

European Union legal body Europol has cracked down on the Belgian Ponzi scheme Vitae. Europol raided 17 locations associated with the site, which were advertised as social media sites with their own cryptocurrencies, confiscating German currency and luxury cars totalling over 1 million euros. The company operates in Switzerland under the name VITAE AG.

Sources & References

Original incident referencehttps://cryptoadventure.com/vitae-coin-founders-arrested-over-alleged-crypto-scam/ (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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