Kaufbeurer man loses 500,000 euros from crypto scams-warning!

Kaufbeurer man loses 500,000 euros from crypto scams-warning!

In the world of cryptocurrencies you can quickly get up very high, but the risks are just as great. An educational case from Kaufbeuren clearly shows this: A 45-year-old man was the victim of an unscrupulous fraud and lost around 500,000 euros. He met a woman through an online platform who told him about her alleged winning with Bitcoin and Co. Initially, it looked as if he was benefiting from his investment - until he met an insurmountable hurdle in trying to make a payment.

At request, he had to make further payments to obtain his alleged profits based on "tax payments". Finally, it turned out that the platform was no longer accessible and its investments in the virtual space had disappeared. This drastic example illustrates the dangers associated with the trade of cryptocurrencies, especially since the courses can often fluctuate extremely and the influence of large investors and states is significant. As Augsburger General , this was not the only incident. A 42-year-old woman from Biberach also got into the catch of fraudsters about a similar online trade and lost 100,000 euros.

The fraud market in the digital world

But what makes such fraud stitches so popular? According to reports from the Federal Criminal Police Office (BKA), the stitches with cryptocurrencies are extremely diverse and especially in times of low interest rates this type of fraud gets up. Criminals captivate naive investors who are looking for high returns and supposedly safe investments. As an analysis on anwalt.de , false Bitcoin brokers are often on the move, which attract good-faith users to fake platforms, where they irrevocably lose their money.

It is found that many of these fraudsters act abroad, which makes it almost impossible for the injured party to get their money back. In a case in Bayreuth, an investor lost over 40,000 euros to a crypto fraudster. Often these services are on the move without an imprint or clearly defined terms and conditions, which continues to undermine trust.

crisis and new dangers

Corona pandemic has further tightened the Situation. Interpol reports on an increase in cybercrime, whereby the perpetrators often use psychological tricks to manipulate their victims. Have you heard of the "Pig Butchering" method? A cybers slave is instrumentalized to build online relationships and to involve unsuspecting people in crypto investments. These techniques show how sophisticated the fraudsters are and how difficult it is to grasp them.

The situation is serious: the damage caused by crypto fraud is around 70 billion euros. In many cases, damaged investors have no tangible opponent, which also makes legal persecution difficult. Therefore, the police warn for caution and gives tips on the recognition of dubious sides. Missing imprint, no information on licensing by the BaFin or consumer advice center - you should pay particular attention to this. If you don't want to get into the catches of fraudsters, you are doing well to be careful and find out comprehensive.

It remains to be seen how the authorities will react to this new form of crime, but one thing is certain: digitization opens doors that also have an inviting effect for dubious actors. The clarification and protection of consumers must therefore continue to be in the foreground in order to prevent further losses.