Scottish Woman Had To Sell Her House After Becoming A Victim Of Crypto Scam

Many people make a lot of money in crypto and change their lives. But at the time, many people lose their life savings and end up in terrible situations after losing money in crypto. Victims usually do not share their sufferings and bad experience. You might not know how they live their life after becoming victims of crypto scams.

People love to talk about when they do well in their investments. You might overestimate how successful people are in putting their money into something. You might see one side of a coin and think that's the result you will get.

A Scottish woman invested around £150,000 (almost $190,000) in a crypto scheme. She realized that something was wrong when the bank blocked some of her transactions. It happened after ten days after investment. She informed the local police and Advice Direct Scotland about this.

Scammers target specific people and seek vulnerability to make them fall for their scams. They show fake proof of how well people are doing by investing in their crypto scheme. They use greed and FOMO as bait.

A Hong Kong woman lost her life saving which is worth $900,000. There was no problem but when she tried to withdraw money, it demanded a high fee. Later she realized she just became a victim of a scam.

Selling your house is not something that comes to your mind first. But when you do not see any option, you end up making tough decisions. Before making any investment decisions, you have all options. At least, scammers do not put a gun to your head and make you do something.

Do not put your life saving into an investment. When you decide how much money you will invest, still you do not invest in one asset. Considering the risk and return, you make your portfolio. You should not close your eyes trusting something. That's your money and you are responsible for handling it.

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