Thousands of Egyptians were surprised by the platform’s users "Hugh Paul" (Hogg pool) for investment and profits by closing the platform and losing the ability to access it after seizing about 6 billion pounds (about 195 million dollars) of clients’ money, according to what was reported by the website. "Al Jazeera" for local newspapers.
According to Al-Masry Al-Youm newspaper, dozens of complaints have been submitted to the competent authorities, demanding that those responsible for the platform be tracked down to return their money, while the Egyptian police or the Public Prosecution have not issued any clarification on the matter so far.
And search for a company "Hugh Paul" It turns out that it has created an account on the social networking site Facebook, and one of the company’s publications invites users to obtain an amount ranging between 150 and 2000 Egyptian pounds (between 5 and 65 dollars) per day, and the company claims to rent a number of machines and machines for mining bitcoins.
The platform offers users to invest in such machines with a number of options for profits, as it provides options starting from $ 10 to $ 50, with varying profit benefits daily, according to Cairo 24 newspaper.
The platform collected money from the victims through transfers from an electronic wallet in exchange for entering as a partner in the fictitious rental, sale and purchase operations.
The case reached the Egyptian Parliament, where Representative Hisham Al-Jahel submitted an urgent briefing request to the House of Representatives, demanding the opening of an expanded investigation into the fraud case that thousands of Egyptians were exposed to at the hands of "Hugh Paul".
Al-Jahel said in the briefing request that many complaints were received by the representatives in Parliament regarding the exposure of Egyptians to fraud operations from the platform that claims to work in bitcoin mining and to provide cloud mining services.
The hashtag # Hog_Bull topped the conversation of the Egyptians during the past hours, and many launched distress calls demanding action to return their money after they were subjected to fraud by "Hugh Paul".
platform spread "Hugh Paul" Among many during the past period, hundreds of publications and videos that promote the platform appear by searching for it, promising huge profits based on investing money in mining cryptocurrencies.
The platform promised users profits that could reach $4 (about 120 pounds) per day for every 1,000 pounds, and the profits were already paid to some, which tempted them to invest more.
