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Morocco Cracks Down on Crypto Crime: 5 Arrested in Phishing Scam

Author: Content Editor
Moroccan authorities have arrested five individuals suspected of running a cryptocurrency phishing scam. The suspects allegedly sent phishing emails to foreign citizens as part of an elaborate scam to steal funds from victims' crypto wallets. The stolen funds were then converted for personal use. The arrests were made after an international complaint was received. This news comes shortly after the Moroccan central bank announced efforts to establish a regulatory framework for cryptocurrencies. Despite previous warnings and prohibitions, Morocco has seen increased adoption of cryptocurrencies, with the country being named among the top five countries in terms of cryptocurrency transaction volumes. The investigation is ongoing, with the aim of identifying all individuals involved in the criminal network.

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