Undercover Sex Trap Rocks Chinese BTC Holders: 6 BTC Stolen In Sextortion Scam Honeypot

A stunning case of Bitcoin stolen via a rip-off has rocked the Chinese language BTC group. In 2024, a software program engineer in Chengdu misplaced 6 BTC to a felony rip-off gang posing as a feminine dealer. The perpetrators used a honeypot scheme, luring the sufferer through an X profile promising steamy sexual favors, solely to extort him with fabricated threats in a crypto sextortion plot.

The incident unfolded after months of on-line communication. The sufferer was lured to a high-end lodge the place the gang coerced him into transferring 6 BTC by threatening his repute. Police at the moment are investigating and warning crypto customers about comparable scams concentrating on holders. The case gained consideration resulting from its parallels with a viral social media stunt.

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BTC Rip-off: The Gang, The Sufferer, and The Stolen Bitcoin

Simply days earlier than the report, a Mandarin-speaking X consumer, BTCconger, beforehand LisaaBuilder, posted a provocative provide. She promised to “spend the night time” with anybody holding 0.1 BTC, asking followers to share pockets addresses.

Afterward she escalated her stunt with photographs and movies, together with a lodge selfie with a condom and a clip of her studying the Bitcoin white paper with three males. She additionally claimed to have traveled to Bangkok for meetups, although one submit instructed a no-show.

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Nevertheless, this one man turns into a sufferer after he agrees to fulfill at a high-end lodge in Chengdu, not with BTCconger however “Bitcoin Cong’er.” The perpetrators then reportedly used fabricated proof to threaten the sufferer’s repute, in the end extorting a 6 BTC switch via a crypto honeypot. A sexual pig-butchering scheme.

The Sina Finance report linked BTCconger’s tweet to the Chengdu case by a bunch of gang members who work in scamming companies. It detailed how the gang operated below the alias “Bitcoin Cong’er,” mirroring BTCconger’s persona. The similarity in techniques utilizing a feminine dealer persona to deceive put the true BTCconger below scrutiny, even with no direct proof tied to the crime.

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Following this, BTCconger addressed the allegations in a reside stream with content material creator Robert Lee. From Shenzhen, she denied involvement, stating that the Chengdu extortion predated her account’s rebranding to BTCconger. She argued that if responsible, she’d be detained and claimed to have notarized proof to clear her identify in a proper report.

The Aftermath: Not Simply Concerning the Stolen BTC

Police warn traders of a rising pattern of scams exploiting crypto holders’ belief. The Chengdu case concerned months of grooming earlier than the in-person ambush, a twist on typical on-line extortion. Authorities urge customers to confirm identities and keep away from sharing delicate particulars with unverified contacts.

BTCconger’s posts finally turned large, with 2 million views. They showcased the attract such techniques can have, whether or not for consideration or deception. Some noticed it as intelligent advertising and marketing, others as a dangerous transfer that hides actual threats.

Apart from his reputational threats, the 6 stolen BTC left the sufferer with monetary injury. This tactic, widespread in crypto sextortion, leverages private embarrassment to bypass rational judgment. The gang’s use of fabricated proof exploits victims psychologically.

Investigations proceed, however BTCconger’s denial hinges on timing and her public presence. She insists her rebranding to BTCconger was current, postdating the Chengdu incident.