A Namibian court revoked bail for eight defendants in a cryptocurrency fraud and human trafficking case.

CoinFeed reported on May 24th, citing Bitcoin.com, that the Windhoek High Court in Namibia revoked bail for eight defendants in a cryptocurrency fraud and human trafficking case, forfeiting approximately $29,800 in bail. Prosecutors stated that the eight suspects included six Chinese nationals, one Vanuatu national, and one Singaporean national. The six Chinese suspects have been traced to China, and Namibian authorities have requested Interpol's assistance in locating them. The criminal gang operated through a shell company called Raylon Investments between December 2022 and October 2023. The gang is suspected of recruiting unemployed Namibians and forcing them into labor.