Woman falls for two cryptocurrency scams and loses R$344,000

The situation, which was already quite bleak, became even worse when, in an attempt to recoup her losses, she fell for a second blow. Searching the internet for help to recover the funds, she found a person who claimed to have the ability to help her recover the money lost in the first scam.

December 13, 2023 by Vinicius Golveia

A 60-year-old woman went through a traumatic experience when she lost more than 70 thousand dollars, around R$344 thousand, in two cryptocurrency scams. The incident serves as a warning about a new type of scheme that has emerged in the sector.

The first scam occurred when the woman, who lives in Canada, found an online advertisement for a company that promised guaranteed profits from cryptocurrencies.

The situation, which was already quite bleak, became even worse when, in an attempt to recoup her losses, she fell for a second blow. Searching the internet for help to recover the funds, she found a person who claimed to have the ability to help her recover the money lost in the first scam.

Driven by the hope of getting her savings back, she followed the scammer's instructions and downloaded another app. This act unfortunately gave the scammer access to your bank account, resulting in an additional loss of $15,000.

Fake Cryptocurrency Recovery

A new type of scam is gaining momentum in several online forums and Internet pages, such as Quora, a type of Yahoo Answers where scammers promise to recover funds lost in cryptocurrency scams.

Criminals pose as experts in recovering funds, using posts and links that lead to fraudulent websites.

A recent example includes a post that claims it is possible to recover cryptocurrencies lost to scammers. The text suggests that many people are unaware of this possibility due to misinformation or contact with false recovery experts.

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