Namibia court revokes bail for 8 defendants in cryptocurrency fraud and human trafficking case

By: rootdata|2026/05/24 20:45:01

According to Bitcoin.com, the High Court of Windhoek, Namibia, revoked the bail of 8 absent defendants in a cryptocurrency fraud and human trafficking case and confiscated approximately $29,800 in bail money. The prosecution stated that the 8 individuals include 6 Chinese nationals, 1 Vanuatu national, and 1 Singaporean national, with 6 Chinese suspects tracked down to China. Namibian authorities have requested assistance from Interpol to locate them.

The criminal group operated under a front company called Raylon Investments from December 2022 to October 2023. The group is suspected of recruiting unemployed Namibians and forcing them into labor. The state government stated that these employees were compelled to create fake social media accounts impersonating women from Europe and the United States to lure international victims into romantic relationships. Once trust was established, victims were manipulated into transferring money to cryptocurrency accounts controlled by the criminal group. Investigators estimate that the group stole approximately $267,800 from victims worldwide.

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