More than 150 people "lent" "several billion forints" to the individual with the hope of high yields. In reality, the individual invested a "negligible" amount of the money in cryptocurreny, while using it to cover his own expenses.

The NBH revealed the name and the address of the individual in its resolution and urged investors who had done business with him to file a report with the police.

Photo: Pixabay.com

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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