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‘You get sucked in’: crypto scam victims on how they lost up to £162,000

Retired NHS doctor and others conned into investing – only to sink larger sums in trying to get cash backRevealed: the scammers who conned savers out of $35mHow call centre scammers duped 6,000 peopleA “sprat to catch a mackerel” is how one victim describes being reeled in by the skameri working from call centres hundreds of miles away in Tbilisi, the capital of Georgia. It is the local term for scammers and a huge data leak reveals the inner workings of a fraud network that has tricked Britons out of £9m.Like in any call centre, the script is always the same. For the victim it starts by clicking on a (fake) social media ad or news alert. The promotion tips a great crypto investment but it’s a trick, leading only to fraudsters impersonating a real business. Continue reading...



Victims in the UK lost significant amounts, up to £162,000, in crypto scams operated by call centers, often lured by initial small investments and fake profits. Scammers impersonated legitimate businesses and used manipulative tactics, including pressure to invest more to access supposed profits, ultimately leading to substantial losses for victims, with some facing threats.

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