October 5th 2026, 11:18 AM
Greek Soldiers Exposed in $8M Crypto Pyramid Scheme
Key Summary
Greek authorities have arrested nine suspects, including two servicemen, over a cryptocurrency pyramid scheme that allegedly generated $8 million from approximately 10,000 investors. The scheme, which began with an association for AI enthusiasts, involved recruiting members, who were then asked to invest in a cryptocurrency project. Investors were promised a guaranteed return of double their investment, with those considered "VIPs" being asked to pay €5,000. The alleged proceeds from the scheme total around €8 million.
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Investigation Unfolds
A government portal received two anonymous tips regarding a potential cryptocurrency pyramid scheme. The tips led authorities to investigate an association for AI enthusiasts, which allegedly served as the recruiting vehicle for the scheme.Alleged Masterminds
Greek soldiers are among the alleged leaders of the $8M scheme. Authorities are working to identify the full scope of the operation and determine the extent of the individuals involved.Regulatory Response
The investigation is ongoing, with regulators seeking to understand how the scheme was able to operate for so long without detection. The case highlights the need for greater awareness and education on cryptocurrency investment risks.#GreekCrypto#PyramidScheme#AIAssociation