Home Bitcoin News Bitcoin Scam Athens man loses $45,000 to con artist utilizing Bitcoin as a lure – On-line Athens

Athens man loses $45,000 to con artist utilizing Bitcoin as a lure – On-line Athens

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An Athens man confronted with a malfunctioning pc sought assist by a window that opened on his pc display providing help, however as a substitute fell sufferer to a rip-off and misplaced $45,000.

The 60-year-old man filed a fraud report with Athens-Clarke police detailing how he misplaced the cash after eradicating it from his financial institution and inserting it in a Bitcoin account.

The fraud was not a typical scheme perpetrated within the Athens space, the place the con artists usually encourage their victims to buy reward or cash playing cards and supply the activation numbers.

Learn Extra: Scam artists hit gift-card jackpot in Athens area

Bitcoin is a well-liked cryptocurrency on the monetary market and in accordance with the monetary web site Investopedia, it is likely one of the first cryptocurrencies, created in 2009.

“Bitcoin exchanges are fully digital and  — as with all digital system — are in danger from hackers, malware and operational glitches,” in accordance with Investopedia.

The person reported that on Jan. 18 after his pc malfunctioned, a window popped open telling him to name a sure quantity to talk with a Microsoft consultant. The person referred to as the quantity and was advised his pc and cellphone had been now not secure to make use of due to fraudulent exercise, and this included the security of his cash deposited in an area financial institution.

The person was advised to withdraw the cash, totaling $45,000, and place it in a Bitcoin account, in accordance with the report.

When the rip-off artist despatched the person a barcode, he used his cellphone to scan the barcode within the Bitcoin account.

Someday later, the con artist referred to as once more, telling the person he was about to place the cash again into his checking account, however wished him to ship a further $16,000 to pay the Georgia taxes, police mentioned.

At this level, police mentioned the person realized he had been scammed.

Police Lt. Shaun Barnett mentioned Tuesday that the barcode apparently went to a Bitcoin account to which the suspect had entry, whereas the sufferer thought he was inserting the cash right into a safe account.

“That is one thing folks want to pay attention to and cautious about,” Barnett mentioned.

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