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Greek police arrest 17 in crypto fraud scheme exceeding $8M

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Greek soldiers among nine suspects in $8 million cryptocurrency pyramid scheme

Nine suspects, including two Greek servicemen accused of leadership roles, appeared before an investigating magistrate in northern Greece following the alleged operation of a cryptocurrency pyramid scheme that defrauded approximately 10,000 investors of $8 million. The scheme required entry fees starting at €800, with VIP investors paying €5,000 on promises their money would double.

Oct 3, 2026·3 sourcesCryptoCrypto regulationCrypto enforcement actionsCrypto investor protection
Greek soldiers among nine suspects in $8 million cryptocurrency pyramid scheme
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Other sources for this story

Decrypt

Greek Soldiers Among Alleged Leaders of $8M Crypto Pyramid Scheme - Decrypt

Cryptopolitan

Greek soldiers to answer for their roles in $8 million crypto scam - Cryptopolitan