A college student gets scammed and loses $20,000 worth of bitcoin via WhatsApp
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer A college student gets scammed and loses $20,000 worth of bitcoin via WhatsApp
Fraud occurs on a daily basis in the crypto market across the world.
ink Mr. Subt E Sundra Rajan, Head of the Financial Crime Investigation Department in Malacca, Malaysia, states:
I’ve seen quite a few people on Facebook and Instagram talking about Bitcoin, but I didn’t get too deep into it to see if they were trying to sell it or just provide information about it.
Currently I am amazed that a university student was scammed out of 84,000 RM for Bitcoin, after being exposed to a fraudulent Facebook ad.
The head of the investigations department explained that the 25-year-old victim was subjected to the fraud after seeing an advertisement on Facebook that said that the return on investment would be doubled within 72 hours.
Read:Binance announces the launch of the OTC trading service… Details here
After tracking the advertisement, she was directed to a website through which the victim paid to five different accounts to buy and invest in bitcoin, with a total value of about 84,600 “Malaysian Ringgit” (about $20 thousand).
The suspect continued to direct the victim to make payments until she ran out of money, prompting the victim to inform her family members.
The head of the investigation department added that the victim filed a report and complaint on January 8, and the case is currently being investigated under Article 420 of the Penal Code for fraud.
Mr. Subt E Sundra Rajan, Head of Financial Crime Investigations Department, advised against succumbing to greed and using common sense when exposed to similar fraudulent advertisements.
He also advised that cryptocurrencies should only be traded and purchased from trusted authorities.
This is what we always urge, in our role in Arab Bitcoin, to research and in-depth before investing in any crypto project and not to believe fraudulent projects that promise to provide great returns in a short period of time.
Read:Facebook puts an end to its “Deem” stablecoin project
Read also:
Data Shows Whales Buying BTC When It Drops…Details Here
Learn about the Oasis Network project and the ROSE cryptocurrency
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time