New Bitcoin Scam Details Reveal Counterfeit Euro Bills Bought 26 Bitcoin (BTC) Worth

Scammers Buy BItcoin Using Counterfeit Euro Bills

An investor has been scammed by a group of fraudsters that were buying Bitcoin (BTC) using counterfeit banknotes. This is just another case of a scam in the cryptocurrency world. During the last year appeared new methods to steal users’ funds.

The information about this scam was released by the local Dutch media outlet known as, rtlniews.nl. Apparently, he has lost over €180.000 ($209,000 USD) after selling Bitcoin to a group of fraudsters in Amsterdam. In order to proceed with the scam, the crooks used a platform to buy and sell virtual currencies for Euros.

In order to process the transaction, both parties met in a hotel. The deal went as planned, all of them received the necessary documentation, and of course, the transaction was performed. 26 Bitcoin have been given to the fraudsters in exchange for €180k.

After it, the seller realized that the scammers were paying with fake bills. More information on the matter has not been disclosed, but it seems that this is a new scam case in the cryptocurrency world.

It is always very important to use secure and regulated platforms to buy and sell virtual currencies. If the transaction involves transacting Bitcoin – or any other cryptocurrency – for banknotes it is an obligation to check whether the bills are real or not.

However, this is not the first scam that we hear about. In the past, several other scammers were able to attack individuals in many different countries.

One of the most important scams was conducted by BitConnect, a company that promised exorbitant returns in a very short period of time. At the beginning of the year, the company couldn’t keep with its activities and it was forced to shut down.