22-year-old man loses $24 million worth of bitcoins in apparent scam

Bitcoin is a risky investment, but for one young crypto millionaire, traditional forms of investing into assets such a casino and company stock turned out to be even riskier. 

According to Bangkok Post, a 22-year-old Finnish man called Aarni Otava Saarimaa lost a total of 5,564.4 bitcoins (worth roughly 24 million dollars at the time) to scammers in Thailand. 

In June 2017, Saarimaa was approached by a group who convinced him to send him the bitcoins, the report claims, quoting findings by Thailand's Crime Suppression Division's (CSD), which has been conducting an investigation into the case for six months.  Read more...