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.
Russian woman secured a loan for her mother for “investments in cryptocurrency.”, 2026/04/13 09:30:10
A resident of Ulan-Ude lost nearly 2.5 million rubles after falling victim to fraudsters who promised returns from cryptocurrency investments. To pursue this “profit,” she took out a loan in her mother’s name.
The woman discovered a website online that offered high returns on investments in digital assets. There, she met a man who claimed to be a cryptocurrency expert. He encouraged her to try investing and connected her with a “broker” who supposedly assisted beginners.
Communication continued via a messaging app. The victim was informed about the potential for earning passive income with high profit percentages on the investment platform. The “broker” persuaded her to install a special application and wait for a “curator” who would guide her through the transactions.
Related Posts
Following the instructions, the woman registered on the platform and transferred her initial 10,000 rubles to a crypto wallet. Over the next 23 days, she contributed an additional 1.5 million rubles. The application displayed an increase in “income,” which reinforced her trust in the scheme.
After two months, the “curator” convinced the Russian woman to send another 94,000 rubles—allegedly to gain access to withdraw her funds. Subsequently, she was informed that her account had been placed on a “blacklist,” and to unlock it, she needed to involve a trusted person who could demonstrate financial stability.
The victim believed this and sought assistance from her mother. She showed the “investment curator” her relative’s bank accounts, after which she took out a loan for 417,000 rubles in her mother’s name. Ultimately, the mother transferred over 800,000 rubles to her daughter, which were also sent to the fraudsters.
When the woman attempted to withdraw her funds, she was once again denied and was told to find another trusted person. It was only then that she realized she had been deceived and reported the incident to the police. Law enforcement has initiated a case under the article concerning large-scale fraud.
Previously, a 55-year-old resident of Orenburg lost over 480,000 rubles after believing advertisements for “courses on digital assets.”
