It has come to light that the people of Australia are prime targets for a sophisticated multinational network of scammers operating out of call centers focused on bitcoins. The network is believed to have originated in China. The heart of the network’s operations can be found on the mainland of Australia. It is commonly believed that the administration of this network is run by criminal syndicates that are based in Israel.

As part of a large-scale operation, law enforcement officers from the countries of Serbia, Germany, Bulgaria and Cyprus conducted house searches in a total of eleven locations across the country of Serbia, including four call centers. These places included the country’s capital, Belgrade. Officials from the island nation of Cyprus were responsible for coordinating the operation. During the course of this operation, they discovered evidence showing that Australians were among the citizens of all other countries who were exposed to the highest degree of scrutiny. This information suggests that Australians were among those subject to this level of inspection. The material was made available to the general public on February 23 through the dissemination of an article that had been written by The Australian and published that day.

Fifteen people and around $1.46 million in cryptocurrency were seized as a direct result of the operations, which were carried out as a direct consequence of the events.

It would appear that the scammers working in these contact centers are using social media ads in an effort to persuade new victims to fall for their traps. They achieve this goal by assuring prospective investors that any investment they make will result in a significant return on the cash they have invested. The research findings reveal that individuals engage in this activity, which bears witness to the prevailing notion as it indicates that people do engage.