#creattoearn #ScamAwareness
Retired Cop Loses $1.2M in Thailand Crypto Scam After Online Romance
Retired Australian cop Michael Reinecke lost $1.2M to a Thai crypto scammer "Alex" via online romance and fake investment promises.
- Scammer used in-person meetings, professional-looking dashboards, and 5%-10% monthly return claims to exploit trust before vanishing.
- Case highlights rising crypto fraud trends targeting retirees/expats, with $3.1B lost globally in H1 2025 (88.7% YoY increase).
- Experts warn of social engineering tactics, urging verification of platforms, skepticism toward high returns, and secure wallet practices.
