Crypto Scammers Prey on French Victims from Albania

This image taken from a handout video released by Albanian police shows operators in an alleged cryptocurrency scam call center in Tirana in April 2026. Handout / ALBANIA POLICE/AFP
This image taken from a handout video released by Albanian police shows operators in an alleged cryptocurrency scam call center in Tirana in April 2026. Handout / ALBANIA POLICE/AFP
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Crypto Scammers Prey on French Victims from Albania

This image taken from a handout video released by Albanian police shows operators in an alleged cryptocurrency scam call center in Tirana in April 2026. Handout / ALBANIA POLICE/AFP
This image taken from a handout video released by Albanian police shows operators in an alleged cryptocurrency scam call center in Tirana in April 2026. Handout / ALBANIA POLICE/AFP

Despite facing up to 10 years in jail on fraud charges for allegedly luring people into putting their savings into an Albania-based cryptocurrency investment scam, Jon shows zero remorse.

"I don't see why I should have any qualms if people fall for it," he told AFP in an interview in a Tirana cafe.

The Albanian capital has become a favored location for scam call centers to set up in recent years, according to former policeman Fatjon Softa, thanks to the city's multilingual population, low wages and possibilities to launder funds.

Jon, whose name has been changed to preserve his anonymity, said he modelled himself on Jordan Belfort, the stockbroker who cheats his way to the top, played by Leonardo DiCaprio in the 2013 film "The Wolf of Wall Street".

In a luxury office building in the center of Tirana, Jon would pass himself off as an American as he contacted potential victims he said others had already identified.

"My job was to lure them in and convince them to invest," said Jon, adding that he sometimes felt "proud" of the job he did.

The job earned the twenty-something Albanian 1,450 euros (a little under $1,700) per month before performance bonuses, compared to the country's minimum wage of 500 euros before taxes.

Jon called it an "excellent opportunity, very well paid".

But after six months in the job he is now required to check in with the court every week until he is tried on fraud charges that carry a jail term of three to 10 years.

- French victims -

At the end of April several Albanian scam centers were dismantled, including the one Jon worked in, following an investigation by police in the southwestern French city of Pau.

French investigators had been seeking to track down the scammers since a complaint in 2023 by an investor who lost 30,000 euros investing on a platform called universatrade.io.

They eventually identified 19 French victims who had lost around 1.5 million euros in the scams.

One of those victims, a businesswoman based in the south of France, said her misfortune began by clicking on an ad about investing in oil.

"Ten minutes later I received a call," said Chantal, whose name has also been changed to protect her anonymity.

"My daughter was getting married, I told myself I could make a little bit extra," she added.

Initially Chantal only invested 250 euros, but after seeing her money quickly quadruple she succumbed when advisors asked if she wanted to invest more money. Soon she was in for 80,000 euros.

Chantal said she researched the investment platforms and found them on the internet, with profiles of their advisors on LinkedIn. One even sent a copy of his identity card.

- Ready to 'blow her brains out' -

In December of last year, three months after her initial investment, Chantal had 300,000 euros of gains in her app account and she tried to withdraw the equivalent of 30,000 euros in cryptocurrency.

"That's when everything went down the drain," she said.

Even though she realized there was a problem the scammers had such a tight grip on her -- calling 15 to 20 times per day -- that they persuaded her to continue investing with promises that additional funds would unlock withdrawals.

"They've got you. What can you do? They have your money," said Chantal.

"You don't sleep all night, your brain just can't cope. And the next day, they tell you: 'By noon there has to be this amount, otherwise you won't get your money back,'" she added.

"So you pay the amount. An hour later, they say it'll be in your account. But it's not there. And you cry, you scream your head off."

A lawyer helped Chantal recover part of the money, which she then lost again.

Chantal said finally she "wanted to blow her brains out", but her family saved her from going through with it.

"People say that victims are gullible, but the scams are put together well", they are very "sophisticated", said a source close to the investigation.

- 'They steal your dignity' -

French investigators were eventually able to track the scammers to Albania, and a police raid recovered a computer hard drive with the names and contact information of the French victims.

Five Albanian nationals were arrested, including the suspected mastermind and owner of the call center, who was remanded into custody pending trial.

As Albania does not extradite its citizens, French prosecutors plan to drop their case in favor of their Albanian colleagues, who have promised to seek compensation for French victims.

Chantal wants to testify so others avoid her misfortune.

"They steal more than your money. They steal your dignity," she said.



IBM Unveils Tech for Chip Smaller than 1 Nanometer in AI Computing Push

FILE PHOTO: The IBM logo is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: The IBM logo is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
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IBM Unveils Tech for Chip Smaller than 1 Nanometer in AI Computing Push

FILE PHOTO: The IBM logo is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: The IBM logo is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo

IBM on Thursday unveiled what it said was the world's first technology capable of producing chips smaller than one nanometer, as tech companies race to build semiconductors that can handle increasingly demanding AI workloads.

The announcement comes at a time when chipmakers are searching for ways to maintain the decades-long trend of cramming more computing power into smaller spaces, a phenomenon known as Moore's Law.

The new chip technology, which bolsters IBM's position to compete with contract chipmakers ⁠TSMC and Intel, ⁠has a transistor architecture of 0.7 nanometers, or 7 angstroms, Reuters reported.

Last week, Intel said the new generation of its 18A manufacturing process, which makes 1.8 nanometer chips, moved into risk production, the testing phase before commercial manufacturing.

IBM said the ⁠0.7-nanometer chip packs nearly 100 billion transistors onto a fingernail-sized surface, about twice the density of its 2-nanometer chip unveiled in 2021, delivering up to 50% higher performance or 70% greater energy efficiency.

To get there, IBM developed a new transistor design called "nanostack.”

Instead of laying transistors flat, the design stacks them on top of each other in three dimensions, fitting more into the ⁠same volume ⁠of space.

"With our new nanostack architecture, we’re not just making smaller transistors, we’re reinventing how chips are built to deliver dramatically more power and energy efficiency,” director of IBM Research Jay Gambetta said.

IBM says production could begin within five years. The company has previously licensed chip technologies to Samsung and Japan's Rapidus. It has not announced a manufacturing partner for this technology.


EU Says Amazon, Microsoft Cloud Services Should Face Stricter Rules

FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, US June 14, 2016. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, US June 14, 2016. REUTERS/Lucy Nicholson/File Photo
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EU Says Amazon, Microsoft Cloud Services Should Face Stricter Rules

FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, US June 14, 2016. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, US June 14, 2016. REUTERS/Lucy Nicholson/File Photo

The EU said Thursday that the cloud services of Amazon and Microsoft should face tougher digital competition rules in Europe because of their dominant position in the sector, AFP reported.

Amazon Web Services and Microsoft's Azure are the largest and second-largest cloud computing services in the European Union respectively. They "will only continue to grow in importance, which is why it is essential that we ensure a well-functioning and competitive market", EU antitrust commissioner Teresa Ribera said.


KSrelief Holds Workshop on AI’s Role in Advancing Humanitarian and Development Work

The workshop discussed emerging trends and risks. SPA
The workshop discussed emerging trends and risks. SPA
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KSrelief Holds Workshop on AI’s Role in Advancing Humanitarian and Development Work

The workshop discussed emerging trends and risks. SPA
The workshop discussed emerging trends and risks. SPA

The King Salman Humanitarian Aid and Relief Center (KSrelief), in collaboration with the UK Foreign, Commonwealth & Development Office (FCDO) and the Saudi Fund for Development (SFD), organized a two-day workshop titled “Data and Artificial Intelligence in the Humanitarian and Development Sectors: A Saudi-UK Partnership for Leadership and Impact” at its headquarters in Riyadh.

The workshop that started Tuesday was attended by KSrelief Director of Information Technology Eng. Tamim Al-Husain and UK Deputy Ambassador to Saudi Arabia Dr. Alice Burt.

The event brought together experts from the Saudi Data and Artificial Intelligence Authority (SDAIA), the King Abdulaziz City for Science and Technology (KACST), and specialists from KSrelief, SFD, and FCDO.

The workshop discussed emerging trends and risks, facilitated the exchange of expertise, and explored opportunities for future cooperation and partnerships between Saudi Arabia and the United Kingdom in the field of artificial intelligence to advance humanitarian and development work.

It also highlighted the importance of data and AI in humanitarian and development leadership, reviewed practical applications of AI in humanitarian needs assessments, early warning systems, inclusion efforts, and demographic trend analysis, and examined AI governance and safeguards for the safe and responsible use of emerging technologies.

In addition, participants discussed Saudi Arabia’s approach to leveraging technology in the humanitarian sector and developed a roadmap for the next round of strategic dialogue between the two countries.

The workshop was held as part of efforts to strengthen cooperation and coordination between Saudi Arabia and the UK in data and AI, to advance humanitarian, relief, and development work through the effective use of modern technologies.