How a supposed trading platform rips off investors

by time news

2023-09-09 12:00:00

Cryptocurrency scams

Investors make supposedly high profits. But the money cannot be paid out.

(Foto: mauritius images / StellaPhotography / Alamy / Alamy Stock Photo)

Düsseldorf The prospect of quick wealth through cryptocurrencies not only cost Hartmut Worm almost 35,000 euros, but also his health. “It all affects the nervous system: in the end you are exhausted and shaking,” says the 58-year-old, summing up his current condition.

Worm’s story begins with an article on a website that advertises a trading platform that is said to belong to Tesla boss Elon Musk.

The article praises automated trading through algorithms. That everyone can benefit from the boom in cryptocurrencies. That you can even make money “overnight”. That there are smart minds like Jeff Bezos and Bill Gates behind the technology.

Cryptocurrency: False trading platform advertises Elon Musk

They are promises that everyone who is on the Internet or even has an email address has seen before.

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