CAIRO- Public Prosecutor Hamada El-Sawy ordered Saturday an investigation into an online platform called HoggPool, which has reportedly ripped off huge amounts of money from a number of Egyptians.
A team would be formed from the Economic Affairs and Money Laundering Prosecution in the Public Prosecutor’s Office to probe the incident.
Appearing in August 2022, HoggPool was an online platform that claimed to offer cryptocurrency mining and trading services for a fee. It promised high returns on investment and attracted hundreds of Egyptians who deposited money into its account.
However, on February 24, 2023, the platform suddenly stopped paying its clients.
Police said it arrested 29 people who constitute the network, including 13 foreigners.
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