Russian Man Loses 900,000 Rubles in Cryptocurrency Scam

  • A new scam in the name of crypto recently took place in the Kursk region, Russia.
  • The victim received a call from an unknown identity and the person said: “you have the opportunity to make easy money by investing in cryptocurrency”.
  • The basic reason behind the rise of fraud in Russia is due to a lack of awareness about cryptocurrency.

A Russian pensioner took credit from the bank to put resources into cryptocurrency. But unfortunately, this led to his trapping in a crypto scam. Cryptocurrency frauds are on the rise in Russia, hence the government has taken steps to tackle frauds related to digital currencies.

New Crypto Scam in Russia

A new scam in the name of crypto took place recently held in the Kursk region, Russia. Further, this time the victim was a pensioner. His idea was to earn some easy money by investing his capital in cryptocurrency.

As per the Kpravda.ru, the victim was a resident of Zheleznogorsk. The victim received a call from an unknown identity and the person said “you have the opportunity to make easy money by investing in cryptocurrency. You can make some easy money by just investing your capital in digital currency, which is day by day gaining in value”.

Thereafter thinking a while, the victim believed the swindler. He started searching for the various digital platforms and registered on a certain unknown internet platform. On this, he was able to perform trade and token transactions. First, the victim deposited the $100 into his digital account, allegedly managed by an investment company. And after this, he saw a slight increase in his invested capital.

Likewise, after a few days, the scammer again called the victim and said: “if you want to increase your profit, then you need to pay a large amount to your account”. The pensioner’s eagerness for getting rich swayed him. So the victim went to the bank and issued a loan of approximately 9,00,000 rubles, and brought those fund to the trading platform.

After waiting for a few days the pensioner decided to withdraw his fund, but he was not able to do so. After this, he decided to call the swindler. The swindler told the victim, “if you want to withdraw your fund you have to buy more cryptocurrency”.

On receiving the swindler’s shady response, the victim decided to turn to the police. And, officials began to search for the suspected fraud. The basic reason behind the rise of fraud in Russia is due to a lack of awareness about cryptocurrency. People do not know how to trade in cryptocurrency and they easily get trapped.

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