Dutch police arrest two over Rolex purchases with fake EURC tokens
- —Suspects are a 24-year-old from Geleen and a 45-year-old from Leiden
- —Fake tokens mimicked EURC, Circle's euro-backed stablecoin
- —First complaints date back to last August; a TV appeal led to the arrests
- —A search of the Geleen suspect's home uncovered firearms and drugs
Why it matters: The case highlights the risk of accepting unverified tokens: authenticity depends on the smart contract address, not the token's name or ticker.
Source: Cryptoast