A man who had invested in Bitcoin
The case was described by Terence Michael, an author from The Bitcoin Adviser, in a post shared on X.
According to Michael, his client sent all of his Bitcoin to someone pretending to be a trader. The scammer claimed they could double the client’s holdings in a short time.
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Over time, the fraudster also built a personal relationship with the investor by pretending to be a woman interested in him.
Michael explained that he tried several times to stop his client from making the transfer.
He said he made many calls and sent multiple messages, but the investor continued to trust the person behind the scam. He wrote:
My client was falling for a pig butchering scam. And as of last night, while out to dinner, I received a devastating text message from him saying he had lost it all.
In addition to losing his Bitcoin retirement savings, the man also bought a plane ticket for the person he believed he would meet.
Michael added that after the money was transferred, the scammer admitted that the photos used during their conversations were fake and created with artificial intelligence (AI) tools.
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