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German Man, 63, Loses €10k in Crypto Scam

Beware of unsolicited investment offers, especially in crypto. One man's €10k loss serves as a stark warning.

This is a black and white image. I can see groups of people walking. I can see few people standing....
This is a black and white image. I can see groups of people walking. I can see few people standing. These are the dresses hanging to the hangers. I can see the shops. This looks like a bucket. These are the buildings with windows. This looks like a name board. I think this is the market. At the very right corner of the image, I can see the watermark.

German Man, 63, Loses €10k in Crypto Scam

A 63-year-old German man has fallen victim to a cryptocurrency scam in Tyrol, losing a low five-figure euro amount. The victim, who joined a messaging service group for crypto investments, was contacted by a supposed financial advisor who recommended a specific platform. Despite complying with fee requests, no payouts were made.

The man initially transferred a low four-figure euro amount, allegedly informed of daily profit increases. However, when he requested a withdrawal, suspected scammers demanded an additional low four-figure euro fee. Believing the promises of fake successes, the man topped up the money again. Police warn against suspicious investment offers, especially in the area of cryptocurrencies. Investigations into the case of internet fraud are ongoing.

The victim was presumably scammed by a group led by the supposed financial advisor, who recommended investing in cryptocurrencies on a platform mentioned by her. The man lost over 10,000 euros without receiving any payouts. Authorities urge caution when dealing with unsolicited investment offers, particularly in the cryptocurrency sector.

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