It’s a domino effect handling Bitcoin BTC and cryptocurrency.

Igor Musatov, previous expert ice hockey gamer from Russia, has actually been apprehended in Moscow for deceiving 45 million Rubles ($700,000) from the CEO of an IT business, Criminal offense Russia reports

The supposed criminal offense was initially reported in 2015 by the IT expert, however after months of attempting to remedy things straight with Musatov, he relied on the cops.

According to Sport Express Russia, the business person consulted with Musatov in January 2018, and informed him that he was “taken part in the cryptocurrency company.”

A month later on, Musatov provided the IT expert the chance to purchase 103 Bitcoin for 45 million Rubles ($700,000), to which he required.

At the time, 45 million Rubles for 103 Bitcoin represented a considerable discount rate over typical market value, so it’s not unexpected the business person opted for the offer.

According to the report, the business person went to Musatov’s workplaces to finish the deal. Nevertheless, instead of fulfilling the previous hockey gamer he was fulfilled by among his assistants.

The business person turned over the cash to the assistant, who then removed and was never ever to be seen once again, supposedly getting away the structure through a secret entryway.

The victim handled to call Musatov who stated he would come and arrange it out, however he never ever appeared. Nor it appears did the Bitcoin.

Musatov’s attorneys informed Russian news outlet RT that he would not plead guilty to the allegations. This is an establishing case.

This isn’t the very first time cryptocurrency crooks have actually utilized the ol’ bait and switch to deceive their victim out of money or Bitcoin.

In 2015, a South Korean Bitcoin millionaire handed over $2.3 million worth of Bitcoin anticipating to get the exact same quantity in money. Nevertheless, the banknotes he got were improperly printed phonies.

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Released September 17, 2019– 08: 38 UTC.