Belarusian trader loses $70,000 attempting to cash out cryptocurrency

A 31-year-old trader from Grodno fell victim to scammers during a cryptocurrency-for-fiat exchange. сообщает the Belarusian Investigative Committee.

Over the course of a year, the victim traded on exchanges and earned $70,000. In an attempt to cash out the digital assets, he reached out to ‘representatives of a crypto exchange’ via a messaging app. They told him that it was necessary to ‘verify the crypto for legality’ and sent a link allegedly to bind the wallet.

After following it, the trader had $19 left from the total amount.

Investigators opened a criminal case for theft of property in a particularly large amount. The suspects face up to 12 years’ imprisonment.

Earlier ForkLog reported that a court in Kazakhstan seized the property of a Russian citizen, including real estate and cryptocurrency on the Binance exchange, due to transactions through an illegal exchanger.