▲ Busan Yeonje Police Station
The Busan Yeonje Police Station announced on Thursday (June 25) that it is investigating a complaint filed by a victim who claimed to have lost 170 million won after being persuaded to invest in cryptocurrency by a foreign woman he met on social media.
According to the police, a man in his 40s living in Busan, identified as A, was approached earlier this month by an individual who introduced herself as a woman living in Taiwan. After being encouraged to invest in cryptocurrency, he took out a loan and invested approximately 170 million won.
The individual persuaded him to invest by claiming that he could expect returns of over 600% from a coin in its early investment stage.
Although the coin price appeared to skyrocket, showing a profit, the exchange refused to allow withdrawals when A attempted to cash out. Instead, they demanded an additional payment of over 50 million won under the pretext of withdrawal fees and authentication costs.
The police suspect this is a "romance scam," where perpetrators build rapport through social media before defrauding victims of their investment money, and are currently investigating the relevant accounts.
An official from the Busan Yeonje Police Station stated, "We have conducted an investigation of the victim, and given the amount of damages, we plan to transfer the case to the Anti-Corruption and Economic Crime Investigation Division of the Busan Metropolitan Police Agency for further investigation."
(Photo: Yonhap News)
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