Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam

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A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the involvement of a local actor. According to a media report from Bangkok Post on Monday, a group approached and solicited Finnish businessman Aarni Otava Saarimaa in June 2017 over investment in several Thai stocks, a casino in Macau and a new cryptocurrency called Dragon Coin. The group claimed that upon issuance, Dragon Coin could be used at the casino, the report said. They also brought Saarimaa to the Macau casino in order to demonstrate the legitimacy of the project. Saarimaa, who bought into the scheme, transferred a total of 5,564 bitcoins to the group, the report indicted. Having seen no returns months after the investment, Saarimaa filed a complaint to Thailand’s Crime Suppression Division (CSD) in January, together with his local business partner who believed the