COLOMBO (News 1st) – The Financial and Commercial Crimes Bureau of Sri Lanka’s Criminal Investigations Department has arrested three people for committing massive crypto currency fraud amounting to around Rs. 14 Billion (US $ 37,891,504.00)
Police Spokesperson & Attorney SSP Nihal Thalduwa told reporters on Thursday (27) that the scam was commited by a Chinese couple together with the Sri Lankan identified as Lamahewage Shamal Keerthi Bandara.
The Chinese couple was arrested at the Katunayake International Airport, and the Police Spokesperson said that 8,000 people were scammed by these con artists.
The Police Spokesperson said that Lamahewage Shamal Keerthi Bandara has started the conning people since 2020 out of an office set up at the Colombo World Trade Center.
However, he was released on bail after he was produced in court, said the Police Spokesperson.
The Police Spokesperson said that the three criminals deceive unsuspecting individuals by promising them great returns for their crypto investments.
What is cryptocurrency?
Cryptocurrency is a type of digital currency that generally exists only electronically. You usually use your phone, computer, or a cryptocurrency ATM to buy cryptocurrency. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrencies, and new ones keep being created.
How do people use cryptocurrency?
People use cryptocurrency for many reasons — quick payments, to avoid transaction fees that traditional…
