Interpol is currently working on behalf of the Austrian authorities who have been bothered by the alleged bitcoin scam that ended up affecting quite a significant number of investors within the confines of the country and abroad as well. Reports indicate that along that particular line tens of millions of dollars were recorded in terms of losses.

Interpol has promised to do everything humanly possible to ensure that it arrests the suspects and forward them to face the full force of the law for their illegal activities.

The investigations currently underway are all geared towards a firm called Optioment which has in numerous instances made its promise to investors that they will be getting returns of up to four percent on a weekly basis. That is of course on each and every bitcoin deposits they will be making through the arbitrage trading.

It was just recently that Die Presse revealed that the fund had ceased operations at some point in the course of the previous year. Prosecutors learnt about the matter from the Austrian Financial Market Authority (FMA) and that was back in January. There had been speculations that it was a pyramid scheme.

Victims, who included investors from Germany, Poland as well as some other Eastern European countries on top of Austria reportedly, incurred significant losses. Reports indicate that they hit about 12,000 bitcoin which when converted represent $115 million dollars.

Police in the course of their investigations were able to identify two Austrian suspects and they have disclosed that they haven’t yet stopped in their efforts to arrest others who are still in hiding. They are considering launching their search in Germany, Latvia and Denmark and this revelation was made by an official well familiar with the most recent developments.

He opined, “Scams and thefts involving cryptocurrency and blockchain have become more common as mainstream investors have looked to enter the market. In December, CoinDesk reported that investors lost nearly $490 million in 2017 alone due to wallet hacks, scams and different kinds of attacks.”

A lot of people will be closely following to see how matters turn out in the long run.