Argentine police arrest suspect in $50M crypto fraud case

Argentine police have arrested a Chinese national wanted in Nigeria for an alleged cryptocurrency fraud scheme, DL News reported. According to the investigation, the suspect lured investors with promises of high returns through a crypto platform and then blocked all withdrawals, with damages estimated at around $49.4 million. The suspect was apprehended by airport authorities while attempting to enter the country using a fake Paraguayan passport. The Argentine government is currently processing the suspect's extradition to Nigeria.