Graeme Garioch, a 65-year-old man from Aberdeen, Scotland, has lost his savings to a Bitcoin scam on Facebook, according to Daily Record. The man is a past winner of the television show Deal or No Deal. Back then he scored the prize of £101,000. The source says that he lost almost £30,000 as a result of crypto fraud.
Daily Record says that Garioch clicked on a Facebook advertisement posted by the company OMC Markets. The ad had to deal with investments in cryptocurrency. Scammers asked the man to deposit money to a Bitcoin wallet and give them access to his bank account for investing. However, after several months, his money disappeared along with the company.
This is not the first Bitcoin scam on social media. Bitcoin and Ethereum scams have in fact been on the rise during the Covi9-19 pandemic. Scammers target users on social media, such as YouTube, Twitter, and Instagram, asking them to send cryptocurrency in exchange for rewards. There have also been hacks of cryptocurrency exchanges, and Bitcoin fraud seems to continue across various platforms.
Bitcoin scams have become more common. However, it is often difficult to find the perpetrators in cryptocurrency fraud because of the anonymous nature of blockchain transactions.