The Pitfall of Bull Market! Netizen “Xiaoyan” Tempts All-In on Valentine’s Day, Taoyuan Man Brings Huge Amount of Money to Invest in Cryptocurrency at Risk of Being Scammed
Bitcoin continues to rise, and the bull market of cryptocurrencies has made it easier for inexperienced people to fall into the trap of getting rich quick. Last night (2/15), a man surnamed Du from Taoyuan City, Taiwan, decided to invest all his savings in virtual currency under the instigation of an online friend. However, this transaction turned out to be a trap. Fortunately, patrolling police officers discovered and intervened in time, exposing the scam and protecting Du’s hard-earned money.
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Valentine’s Night: Trading with Currency Exchange at Convenience Store
Turns out it was the temptation of online friend “Xiaoyan”
Police promptly exposed the scam
Preserving hard-earned money, giving up online temptation
Last night, around 10 o’clock, Mr. Du arrived at a convenience store with 600,000 in cash, ready to trade with a virtual currency dealer. At this time, patrolling police officers from Qingxi Police Station noticed them and decided to approach and understand the situation.
According to the police, Mr. Du contacted an online friend named “Xiaoyan” and was attracted by the high returns of virtual currency investment boasted by the other party. Under the instigation of Xiaoyan, Mr. Du decided to use all his savings to contact a currency dealer and prepare for the transaction.
After understanding the whole situation, the police checked the conversation records between Mr. Du and “Xiaoyan” and quickly recognized that this was a typical case of “fake investment, real scam.” By giving examples and explanations, the police successfully made Mr. Du realize that he had almost become a victim of fraud.
Following the advice of the police, Mr. Du decided to give up this highly risky investment plan. Subsequently, accompanied by the police, he safely deposited the cash he carried back into his account, avoiding potential financial losses.
United Daily News
Taoyuan
All-in
Virtual currency
Scam
Further reading
73-year-old man in Kaohsiung mistakenly believed that he made 27 times the profit from virtual currency, gambled away his retirement pension and fell victim to fraud
New Taipei City Police’s “Operation Cut-off” yields remarkable results, arresting hundreds of members of fraud rings and seizing nearly 200 million virtual currencies
