Yet another Bitcoin millionaire is having a hard time. After a Finnish millionaire who has recently lost 35 million dollars in a Bitcoin scam by investing in a shady Macao casino, a businessman from South Korea has exchanged his coins worth of 2 million euros for freshly printed fake notes.
The exchange has been made in Nice, the well-known French city. The victim, a less well-known businessman from Korea, is an owner of an obviously successful cryptocurrency business. According to several resources, he has been tricked by a Serbian man and his accomplice.
As far as we know from local police, the businessman came to France to make an investment deal with the crooks. They have offered to invest in his business and in exchange, they would get the Bitcoin equivalent in euros. The deal was closed, and the Bitcoin transaction was completed in a top-notch hotel on a French Riviera.
Unfortunately for the businessman, the €500 banknotes were freshly printed fakes made in Photoshop. The businessman has reported the crime as soon as he found out, but why he hasn’t checked the banknotes before the transaction is a mystery. The Serbian was already busted while driving the streets of Cannes in a luxury vehicle wearing a €100 000 watch. As of now, he is in a custody charged with fraud. The accomplice is still out there hiding.
€500 banknotes are very popular to fake, and one should be really careful when accepting it. For example, the highest nominal banknote in the United Kingdom is only £50, and for a good reason. As we know, the European Central Bank announced back in 2016 that the production and issuing of €500 banknotes will be stopped soon (you don’t have to worry here; the €500 banknote will always retain its value). Till then, don’t be silly with your Bitcoin exchanges and use Bitcoin Data.