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South Korean Loses Bitcoins in 2 Mln Fiat Fraud

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Mon, 20/08/2018 - 11:14
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South Korean Loses Bitcoins in 2 Mln Fiat Fraud
Cover image via U.Today
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The victim is a South Korean businessman, whose Singapore-based company deals with electronic assets accepted an offer to sell his BTC through a P2P exchange. However, the buyer suggested paying in cash and handing it over personally in a hotel in Nice, France.

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The banknotes the businessman received were fake but he had already made the transaction.

The victim came to the police in late July. The Serbian criminal was detained soon. He was already spending the money by living in a luxurious hotel, driving a top-notch car and wearing an expensive watch.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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