British Man Duped out of $282,000 in Brutal Crypto Scam

Published on: 13.06.2021

Crypto wallet theft scams have become more common. A British man lost £200,000 to local crypto scammers.

The UK’s Metropolitan Police have reported an increase in online investment fraud. Crypto scams are a multimillion-dollar industry.

The victim, who does not want to be identified, was conned by the fraudsters following an online conversation in 2020. They talked him into investing his money in a fake brokerage firm, promising significant returns on Bitcoin’s bull run.

 

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