The novel Chinese scam saw perpetrators create fake crypto assets to fleece investors seeking arbitrage opportunities.
Source: https://www.coindesk.com/ferrari-mclaren-and-15m-in-crypto-chinese-police-bust-novel-arbitrage-scam
Ferrari, McLaren and $15M in Crypto Seized as Chinese Police Bust Arbitrage Scam
July 9, 2020
CoinDesk
