Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Love Hurts: British Man Loses $200K in a Bitcoin Romance Scam (Report)

Love Hurts: British Man Loses $200K in a Bitcoin Romance Scam (Report)

A typical cryptocurrency fraudulent scheme resulted in a loss of around $200,000 for a British individual.

An anonymous UK resident reportedly parted with nearly $200,000 of his savings after a woman he messaged in a dating app conned him. The man admitted he felt so desperate after the scam that he considered taking his life.

‘In The Blink of an Eye, Everything Was Gone’


According to a recent coverage by BBC, the British citizen, called Tom (which is not his real name), was struggling with a break-up in 2020 and joined a dating application to look for companionship. Shortly after, a woman who introduced herself as Jia from Hong Kong approached him, and the duo started messaging.

Tom revealed that he and his online date were discussing their mutual future. Jia also portrayed herself as a successful cryptocurrency investor with “inside knowledge” and lured the man into dreaming of building a wealthy lifestyle with her.

“Issues were flagging up to me, but everything she was doing to build up trust with me was enough to keep me there,” the man admitted.

At one point, the woman asked Tom if he knew anything about bitcoin. The latter said he had invested in it a few years back. Then, Jia directed Tom to an online trading platform and instructed him to download the application on his mobile phone.

Once again, the British felt suspicious but at the same time lucky as he seemed to have met someone with “insider information” who could possibly make him rich. The woman encouraged Tom to keep making investments on the dubious app, telling him he would miss out on profits if he were not quick enough. The man ended up investing around $200,000 when he found out that his balance “had been cleared.”

“In the blink of an eye, everything was gone. I was sick to my stomach,” he confessed.

He asked Jia to explain the missing funds, but the woman refused to help, saying she had to fly to Australia and spend time with her sick aunt. At that point, Tom realized he had become a victim of a cryptocurrency scam. Feeling devastated, he searched for help and admitted that if it was not for his mother, he might have taken his life:

“I recognized I needed help straight away and went straight round to see my mum. If I didn’t have that support, I wouldn’t be here. I was going to do something that wouldn’t leave me here anymore.”

The Australian Nurse Who Lost Her Life Savings


Tom is not the first individual to have his funds drained via a fraudulent cryptocurrency scheme.

Last year, CryptoPotato reported that the Australian citizen Rhonda, who was just months away from retirement, became a victim of a similar scam. She was approached by a person claiming to be a local celebrity who asked her to start investing in bitcoin in a dubious application.

In the next several months, Rhonda made several investments which totaled all her lifestyle savings. Unfortunately, upon checking her account at one point, she noticed that all the funds had gone missing.

The local authorities tried to help her, but the operation failed. Despite realizing that her retirement plans were gone, Rhonda stayed positive and said she would continue working as a nurse.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×