A 26-year-old Swiss man has been arrested for exploiting a payment app security flaw to defraud victims of over 100,000 Swiss francs.

The suspect allegedly posted fake ads on online platforms, collecting payments without delivering goods.

Investigators discovered that he also attempted to shift suspicion onto innocent third parties.

During a house search, authorities seized data storage devices, cryptocurrencies, and other assets.

The man is currently in custody, and the investigation is ongoing.

Until a final verdict is reached, the presumption of innocence applies.