Desire to Earn on Cryptocurrency Cost Russian Citizen 4 Million Rubles

cryptonews.ruPublished on 2026-08-12Last updated on 2026-08-12

Abstract

A 22-year-old Russian man lost 4 million rubles in a cryptocurrency investment scam. He met a person on social media who promised profitable cryptocurrency trading opportunities. Following the scammer's instructions, he installed specific trading apps and began transferring money to provided accounts. When he attempted to withdraw his funds, the criminals demanded additional payments under various pretexts, such as fees, closing trades, and commissions. The victim lost not only his own savings but also money borrowed from relatives. Police have opened a fraud investigation to identify the perpetrators. The report notes a similar case where a resident of Buy, Kostroma Region, lost over 2.8 million rubles after being persuaded over several months to invest in cryptocurrency.

According to the victim, a Russian citizen, he met a person on social media who offered him a chance to earn money through cryptocurrency operations. The resident of Novorossiysk installed the trading applications recommended to him and then began transferring money to the account specified by the interlocutor.

When the 22-year-old man decided to withdraw funds from the investment "platform," the fraudsters began demanding additional money from him under various pretexts. They cited the need to pay commissions, close deals, and withhold interest.

In the end, the young man lost not only his own savings but also money borrowed from relatives. Police officers have initiated a criminal case for fraud and are attempting to identify those involved in the crime.

Previously, a resident of the city of Buy in the Kostroma Region of Russia fell victim to fraudsters who spent several months convincing him to invest money in cryptocurrency. The total damage exceeded 2.8 million rubles, accounting for currency conversion and commissions.

end-content

Trending Cryptos

Related Questions

QWhat did the scammer initially offer the 22-year-old Russian man?

AThe scammer offered the opportunity to earn money through cryptocurrency trading operations.

QHow did the scammers prevent the victim from withdrawing his funds?

AThey made various excuses, demanding additional payments for fees, closing deals, and withholding percentages.

QWhat was the total financial loss suffered by the young man from Novorossiysk?

AThe total loss was 4 million rubles.

QWho else, besides the victim, lost money in this cryptocurrency scam?

AThe victim also lost money that he had borrowed from his relatives.

QAccording to the article, what action have the police taken in response to this incident?

AThe police have initiated a criminal case on charges of fraud and are working to identify those involved in the crime.

Related Reads

Bitcoin Price Drops to $62,470 as Sellers Retest $63,000 Support Level

Bitcoin's price fell below $63,000 for a second consecutive day on Friday, hitting an intraday low of $62,470. The cryptocurrency later recovered to trade just above $63,000, leaving it nearly flat for the past 24 hours and for August overall, with a weekly loss of 2.6%. The volatility triggered significant liquidations, with $26 million of leveraged long Bitcoin positions liquidated over 24 hours. Market sentiment was further dampened by data showing over $131 million in outflows from spot Bitcoin ETFs for a second straight day, signaling a potential pullback by institutional investors. Adding to the negative pressure, index provider MSCI has proposed new criteria for "non-operating companies" in its global indexes, which could lead to the exclusion of firms holding significant digital assets like Bitcoin on their balance sheets. Companies such as Strategy and Metaplanet could be affected, potentially forcing index-tracking funds to sell their shares. Strategy publicly criticized the proposal, arguing digital assets are legitimate assets and index providers should not dictate what companies can own. Public consultations on MSCI's proposal end September 30, with a final decision expected by October 16. If approved, exclusions could begin in November, potentially triggering sustained institutional selling and damaging a key bridge for Bitcoin adoption in the corporate sector.

cryptonews.ru2h ago

Bitcoin Price Drops to $62,470 as Sellers Retest $63,000 Support Level

cryptonews.ru2h ago

Trading

Spot

Hot Articles

How to Buy 4

Welcome to HTX.com! We've made purchasing 4 (4) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy 4 (4) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your 4 (4)After purchasing your 4 (4), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade 4 (4)Easily trade 4 (4) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

5.2k Total ViewsPublished 2025.10.20Updated 2026.06.02

How to Buy 4

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of 4 (4) are presented below.

活动图片