Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
A resident of Magnitogorsk lost 3 million rubles in a fraudulent cryptocurrency scheme., 2026/03/20 09:50:20
A 36-year-old resident of Magnitogorsk has lost approximately 3 million rubles after falling victim to a fraudulent scheme involving cryptocurrency investments. She lost both her personal funds and borrowed money.
The press service of the Main Directorate of the Ministry of Internal Affairs of Russia for the Chelyabinsk region reported that the woman met a man online who informed her about the high returns from cryptocurrency investments. Following this, she registered on a platform where her subsequent actions were guided by an individual who claimed to be an analyst.
Related Posts
Following his instructions, the victim transferred her own funds—130,000 rubles—onto the platform and then took out loans to increase her investments. She was promised that her investments would yield returns within a few weeks.
To persuade her to continue transferring money, the fraudsters allowed her to withdraw a portion of her funds—around 90,000 rubles. After this, she took out loans totaling nearly 3 million rubles and transferred the money. Subsequently, communication with the organizers ceased, and access to her account was blocked.
The victim reported the incident to the police. A criminal case has been initiated under part 4 of article 159 of the Criminal Code of the Russian Federation (fraud).
A similar case was previously recorded in Buryatia, where a woman lost over 1 million rubles under comparable circumstances.
