European man, name "Emil Pictet," claimed to be the asset manager of the famous Pictet family, and leading the asset management company saphira asset management "www.sam-ag.com." The man pretends to be responsible for investing in the blockchain-based project, invest in equity holdings as well as buying Bitcoin for the family business. One victim was entrapped into transferring the 1-million-euro equivalent of BTC to so-called investor "Christol" in exchange for cash. At present, the fraudulent BTC has been transferred through a well-known local OTC merchant, and over 20+ BTC have been successfully transferred to a number of exchanges, including Huobi, Coinbase, and Bithumb. More is still on the move.