Argentina arrests Chinese national suspected of cryptocurrency fraud who entered the country using a forged passport; the case involves approximately $49.4 million.

According to DL News, Argentine police arrested a Chinese national (abbreviated as DZ) at Buenos Aires’ Ezeiza International Airport. The suspect arrived from Paris using a forged Paraguayan passport and has been placed on Interpol’s wanted list. Nigerian courts have charged him with orchestrating a cryptocurrency fraud scheme in Nigeria, luring investors with promises of “guaranteed high returns.” However, victims were subsequently unable to withdraw funds or access the platform. The total amount involved is approximately $49.4 million. Argentine authorities stated they will cooperate with Nigeria to initiate extradition proceedings.