Overview
- The victim encountered a high-return cryptocurrency opportunity advertised on social media at the start of 2025.
- He communicated with alleged investment agents via a messaging app and made multiple transfers to supposed crypto accounts.
- No profits were ever distributed, prompting the man to report the incident to Augsburg police.
- Officials estimate his losses at just over €100,000 and say the perpetrators’ identities remain unknown.
- Authorities are investigating similar six-figure cryptocurrency frauds in Plauen and Zwickau after a string of cases targeting seniors.