Man Loses $188,000 in Crypto Scam to Fraudster Posing As Childhood Friend: Report

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A man from Guelph, Ontario reportedly lost large amounts of money to a cryptocurrency scam after meeting someone who pretended to be his long-lost friend. Citing information from Guelph Police Service spokesperson Scott Tracey, CBC reports that the scheme started in an online chat forum where the victim connected with a person whom he came to believe as someone from his childhood in China. The two began talking in a public forum in July. By September, the conversation had moved to private chat, ...