The National Anti-Corruption Center of Moldova (CNA), together with the capital’s prosecutor’s office, conducted a series of searches in the cities of Chișinău, Edineț, and Ungheni as part of an ongoing fraud investigation.

According to CNA, a group of fraudsters deceived an elderly woman into investing 400,000 Moldovan leu (over $21,500) through unnamed cryptocurrency platforms, subsequently embezzling all the funds.

Investigators believe that the group included citizens of Moldova and other countries.

During the searches, law enforcement officers seized electronic data storage devices, and the suspects are currently being interrogated. The investigation is ongoing.

Previously, Cryptol reported that authorities in Norway charged four citizens with orchestrating a cryptocurrency fraud scheme and money laundering.