419HAMMER

  An online cryptocurrency scam in Egypt robbed hundreds of investors of almost $620,000, according to state media Al-Ahram. Police have  detained  29 people in connection with the fake “HoggPool” online platform, including 13 foreign nationals. In August, the scam website first surfaced in Egypt, promising investors enormous riches from cryptocurrency trading and mining for fees charged at an attractive foreign exchange rate. “They sold people a computer tool: you paid 4,000 Egyptian pounds for it, and you earned 30,000 pounds. You paid 100,000 and you earned a million,” said TV talk show presenter Amr Adib. 16 Egyptians and “13 foreign nationals of the same country,” who were not identified, according to the interior ministry, had been detained. According to the report, authorities also seized 95 mobile phones, 3,367 SIM cards, and 41 foreign bank cards. Authorities said the network was planning to launch a new platform called “Riot” when they were arrested. Under Islamic law, crypto