Crypto Scams: Jersey Man Loses $1.5 Mln in Bitcoin Fraud, Scammers Demand BTC On the Phone

An experienced crypto investor has been conned out of £1.2 mln he had saved throughout his life; police say the money is unlikely to be recovered

A person from the Island of Jersey has fallen for a Bitcoin scam and lost over $1.5 mln of his life savings. The police say this is the biggest fraud aimed at a single victim on the island that has happened recently. The details were shared by The Jersey Evening Post. The victim was an experienced crypto investor.

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