Man loses a lot of money: This is how crypto fraudsters do their tricks!

Man loses a lot of money: This is how crypto fraudsters do their tricks!

In June 2025, a man fell victim to a sophisticated crypto scam after he came across a supposed investment advisory service through an online advertisement. After leaving his details, he was immediately contacted by a supposed advisor from abroad. Step by step he was tricked into making several transfers without suspecting that it was a scam. On a website he was shown an “increase in money” in a fictitious crypto wallet, which further strengthened his confidence. But when he tried to request a withdrawal, he was pressured into paying a supposed liquidity check and also had to pay an advance payment for “taxes”. As a result, the man filed a complaint because despite his transfers, no money had flowed to him, which resulted in damage in the mid-five-figure euro range. This reports Click Carinthia.

The scam used in this case is one of many used by scammers in the crypto market. Fake platforms often use misleading tactics to lure users. Typical warning signs include unrealistic promises of profit, such as the possibility of earning a significant number of Bitcoins in a short period of time. Scammers often introduce fake team members and use fake testimonials or fake location details. It is advisable to examine such platforms carefully and, if necessary, resort to professional information such as that provided by Cointelegraph be provided.

Fraud detection criteria

In order to recognize crypto fraud, it is important to pay attention to certain indicators. These include considerable time pressure when making deposits as well as demands for payments in cryptocurrencies such as Bitcoin. Fraud victims report difficulty accessing funds or receiving payouts. Fraudsters often trick their victims with made-up stories in order to obtain further payments. The complexity of the terminology can be additionally overwhelming and raise doubts about the seriousness of the platform. Detailed information about these scams is also available Investment fraud to find.

To ensure that you do not become involved in a scam, users should always exercise caution, especially when making unsolicited contacts. It is advisable to never share passwords or make deposits on unknown trading platforms. A thorough check of documents and contact information can also help uncover fraudsters. Victims of crypto fraud are advised to seek legal assistance immediately to take possible action against the fraudsters.