Erfurt woman loses five-figure sum to crypto fraudsters

Police warn of increasing number of cases

Tips on how to protect yourself from online scams

A 53-year-old woman from Erfurt has lost a five-figure sum to crypto fraudsters. The incident is part of an increasing number of cases of online scams targeting people in Germany.

The woman was contacted by fraudsters who posed as employees of a legitimate cryptocurrency exchange. They convinced her to invest in a new cryptocurrency that was supposedly about to go public.

The woman transferred a large sum of money to the fraudsters, but the cryptocurrency never materialized. She has since filed a police report, but it is unlikely that she will get her money back.

The police are warning people to be aware of the increasing number of online scams. They say that fraudsters are using increasingly sophisticated methods to trick people into handing over their money.

Here are some tips on how to protect yourself from online scams:

• Never share your personal or financial information with someone you don't know.
• Be wary of unsolicited emails or phone calls from people claiming to be from legitimate companies.
• Do your research before investing in any cryptocurrency.
• Only invest money that you can afford to lose.

If you think you have been the victim of an online scam, you should report it to the police immediately.