RATE Group | Bitcoin scam hits more South Africans: report
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Bitcoin scam hits more South Africans: report

03 Jun Bitcoin scam hits more South Africans: report

Posted at 06:44h in Bitcoin News by

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More South Africans are reporting dodgy Bitcoin investment schemes to the police, following the BTC Global scam.

This is according to a report in the City Press, which quoted Hawks spokesperson Brigadier Hangwani Mulaudzi on the matter.

The number of “suspicious cryptocurrency investment schemes” reported to police is increasing, and over 1,000 people who lost money in the BTC Global scam have submitted affidavits on the matter.

BTC Global, which promised extremely large returns over short periods of time if you sent them your Bitcoin, caught out over 27,000 people – including South Africans and Australians.

According to the Hawks, over $50 million was lost in the BTC Global scam – with South Africans investing between R16,000 and R1.4 million each.

A tree feller from Pretoria East said he put R100,000 into the scheme, when the “guaranteed 14% weekly returns” stopped coming in.

The City Press reported that another victim, a woman from Kempton Park,…

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