Abolfazl Abu Turabi, a member of the parliamentary commission for councils and internal affairs, has said that “King Money” is the largest case of fraud in the field of digital currencies and has swindled more than 4,500 billion tomans from its victims.
According to digital currency and to Quoted Last week, the Public Relations and Information Center of the Ministry of Intelligence announced from the Radio and Television Agency that one of the largest organized fraud networks in the country was identified and hit by the efforts of the anonymous soldiers of Imam Zaman (may God hasten his fate).
The fraudulent gang, by deceiving public opinion and encouraging people to buy and invest in the fake cryptocurrencies “King Money”, made large sums of money from their affiliates and made a profit by creating false fluctuations in the price of this digital currency.
Abolfazl Abu Turabi, a member of the Councils and Internal Affairs Commission of the Islamic Consultative Assembly, in an interview with the Radio and Television Agency, stressed the importance of dealing with violators:
Today, the issue of protecting the rights of the people, especially the weak and middle classes, is one of the priorities of the parliament and the government.
Referring to how to commit fraud in the field of cryptocurrencies, he said:
In the case of the fake King Money cryptocurrencies, we saw that people abused the trust of the people and unfortunately, due to the psychological atmosphere created in the society and the tendency of some people to invest in the cryptocurrency market, the volume of this violation was significant.
“Unfortunately, the emergence of fake cryptocurrencies such as King Money is on the rise,” he said.
In the past, we have witnessed fraud cases called “tokens” and “digital currency” with several thousand lost, but King Money case with a volume of more than 4,500 billion tomans, has been the largest fraud case in the field of cryptocurrencies.
Referring to the need for security agencies to monitor cryptocurrency transactions, Abu Turabi said:
I thank the anonymous soldiers of Imam al-Zaman who entered this case and gave hope to the people and thousands of losers of this scam.
Unfortunately, cryptocurrencies are currently used as a tool for money laundering and crime, and facilitating and promoting the use of these crime tools and their spread by some media outlets and groups is a serious question.
A member of the Councils and Internal Affairs Commission of the Islamic Consultative Assembly, referring to the ignorance of many people about the dangers of the cryptocurrency market, said:
Even if the cryptocurrency is not fake, it is still one of the riskiest investments and generally increases the risk of fraud and capital outflow from the country.
In the end, Abu Turabi criticized the negligence of some officials regarding the prevalence of cryptocurrency transactions, adding:
Unfortunately, the Central Bank has provided legal payment gateways to cryptocurrencies. During the previous government, these payment gateways were supposed to be closed, but the head of the president’s office prevented the interruption of bank payment services to online exchanges of digital currencies.