Lost a huge amount to a 'financier' from a professional networking site, now my crypto is gone. Any hope from UK?

asked 19d ago11 views22 answers
0

I'm gutted. Met this person through LinkedIn, someone who seemed super legit, professional bio, connections, everything. They started talking about crypto, like, really convincingly. Said they could help me make some serious returns with 'insider strategies' on a platform I'd never heard of before. I was hesitant at first, but they were so patient, so reassuring, always available to chat. Eventually, I transferred a significant chunk of my savings, something like low five figures, into this platform. Everything looked good for a bit, saw my 'returns' growing. Then I tried to withdraw, and surprise, surprise, can't access it. They've ghosted me too. I feel so stupid. I've heard about Action Fraud, but is it even worth it? What's the process like? I'm in Sheffield, UK, and just feeling utterly lost and embarrassed.

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Action Fraud· trusted

22 Answers

47

Oh god, I'm so sorry this happened to you, Olivia. It's an absolutely classic pig-butchering scam, they use the professional angle on LinkedIn just like they use dating apps. You are NOT stupid, these people are incredibly sophisticated and play on trust. Please, please report it. Even if you think nothing will come of it immediately, every report helps build a bigger picture for law enforcement.

Here's what you need to do:

  1. Gather all evidence: Screenshots of your conversations, transaction records (blockchain hashes if you have them), wallet addresses they gave you, any website links, the scammer's LinkedIn profile (if it's still up, screenshot it immediately).
  2. Report to Action Fraud: Go to their website. It's a pretty detailed form, so set aside some time. They'll give you a crime reference number. This is super important for any potential recovery efforts or if you need to inform your bank.
  3. Inform your bank: Let them know what happened. They might not be able to get your money back, but they need to be aware of the fraud.
  4. Report to LinkedIn: Get that profile taken down so they can't scam anyone else.
  5. Chainalysis/ChainAbuse: If it was crypto, you can often report the scammer's wallet address to services like Chainalysis or ChainAbuse. They track illicit transactions and this data can sometimes help exchanges freeze funds or at least flag them for others.

It's a long shot for recovery, I won't lie, but reporting is crucial. It helps others, and occasionally, they *do* catch these networks. Keep strong.

Grace Quinn · Limerick, Irelandanswered 19d ago
28

Mate, I'm truly sorry to hear this. Happens to way too many good people. It's not your fault. These scammers are pros. Reporting to Action Fraud is definitely worth it, even if it feels like a long shot. The more reports they get, the better chance they have of linking these crimes and maybe, just maybe, stopping them. Plus, you get a crime number, which is useful for your bank or insurance if you have any. Don't feel embarrassed, you were conned by a criminal, simple as that. Take care of yourself first.

Lucas Thompson · Hobart, Australiaanswered 19d ago
8

Another one. Honestly, it's always the same story. LinkedIn, dating app, some 'expert' convinces you. It's a waste of time to think you'll get your money back. The police? Action Fraud? They're overwhelmed. They'll take your report, give you a number, and then what? Nothing. Best thing to do is learn the lesson, be more careful next time, and move on. Hard truth, I know, but realistic.

Chloe Moreau · Nice, Franceanswered 19d ago
35

Olivia, I'm so sorry you're going through this. Please, please don't feel stupid or embarrassed. These scams are designed to exploit trust and they prey on people looking for legitimate opportunities. Reporting to Action Fraud is absolutely the right thing to do. Even if you don't get your money back, your report helps build intelligence against these criminal networks. It's not about immediate recovery, it's about contributing to the bigger picture and potentially saving others from falling victim. You're part of a much larger group of survivors, and your voice matters.

Emily Smith · Nottingham, United Kingdomanswered 19d ago
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Yeah, I mean, you can report it. But my mate did that last year, same kind of scam, lost like 15k. Action Fraud took the report, gave him a crime number, and that was it. Never heard anything back. It's like shouting into a void. I'm not saying don't do it, just manage your expectations. The money's gone, probably to some dark corner of the internet. Focus on moving past it, not on some miracle recovery.

Henry Walker · Edinburgh, United Kingdomanswered 19d ago
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Hey Olivia, I totally get how you feel. I went through something similar, though mine was through a dating app, not LinkedIn. The shame was immense. But honestly, reporting it to An Garda Síochána here in Ireland and also to the FBI IC3 (because the funds went internationally) was a necessary step for me. It gave me a tiny bit of agency back. Even if it feels futile, it helps process what happened. Don't carry that burden of embarrassment. You're a survivor, not stupid.

Sophie Sullivan · Waterford, Irelandanswered 19d ago
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It's awful what these people do. I also got hit by a crypto scam, though a slightly different setup. I reported it to the local Gardai and also the IC3 online. Didn't get my money back, but reporting it was like, the first step in admitting it was real and not just something I could ignore. It took a while to fill everything out, but it needed to be done. Please, go through with Action Fraud. You deserve to be heard, and they need the data to catch these horrible people. Sending strength.

Conor Doyle · Dublin, Irelandanswered 19d ago
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Ugh, this just hits so close to home. I lost a significant amount last year to a 'friend' from a gaming community, same crypto scam pattern. I reported it to the RCMP here in Canada and also to ChainAbuse with the wallet addresses. It felt like shouting into the wind, honestly. They said they'd look into it, but I haven't heard anything concrete. It's a nightmare. The emotional toll is huge. I'm so sorry. Just make sure you cut off all communication and block them everywhere. It's hard not to blame yourself, but please try not to. They're professionals at manipulation.

Mia Roy · Edmonton, Canadaanswered 19d ago
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Honestly, people need to be more critical. If it sounds too good to be true, it is. 'Insider strategies'? Come on. These platforms are all fake, designed to show you fake profits. Reporting to Action Fraud will just put you on a list. You'll get automated responses. Best bet is to accept the loss and be smarter with your investments next time. There's no magic wand for this.

Raphael Moreau · Marseille, Franceanswered 19d ago
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I'm literally going through the exact same thing right now, it's crushing. I met someone on an app, seemed really nice, then the crypto talk started. Lost about 4k myself before I finally woke up. I've reported to the local police here in Brisbane and also tried to trace the crypto myself with some online tools, but it's just gone. It's so hard not to feel like an idiot, but my partner keeps reminding me these people are expert manipulators. Report it, Olivia. For your own peace of mind, and for the record. We have to make it harder for them.

Oliver Anderson · Brisbane, Australiaanswered 19d ago
5

Oh dear, this sounds like a classic pump-and-dump combined with a fake trading platform. LinkedIn is unfortunately a hotbed for these crypto scams disguised as 'investment opportunities'. The 'insider strategies' and guaranteed high returns are massive red flags. Did you ever verify the platform itself independently? Like, check if it's regulated anywhere? Most unregulated crypto platforms are just fronts for scammers. The amount you lost is significant, and while it feels awful, reporting is probably your only shot at getting even a fraction back, or at least stopping them from doing it to others. Action Fraud is indeed the place to go for England and Wales. They'll take your report, but honestly, recovery is very rare with these international crypto scams. It's more about prevention and disrupting their operations. The process usually involves filing a detailed report online through their portal. Be prepared to provide all chat logs, transaction details, and platform screenshots. They might ask follow-up questions.

Rachel Wong · Singapore, Singaporeanswered 19d ago
4

I feel you so deeply. I lost almost everything I had saved for a down payment on a house, around $30k USD, to a 'forex trader' I met on Insta. They promised the moon. It took months of convincing. When I finally tried to pull out my money, poof. Gone. The platform was some dodgy site that looked super professional but was totally fake. The worst part is that gut-wrenching feeling of having been so foolish. You aren't stupid. They are professionals at manipulation. I reported to my local police and also the FTC here in the US. It's a long shot, but you have to try. I found that just talking about it, even on forums like this, helped a little. Keep sharing your story. Maybe one person will see it and avoid the trap.

Emma Dlamini · Port Elizabeth, South Africaanswered 19d ago
3

Wait — did they ask you to use a *specific* platform you'd never heard of? That's usually the big tell. If they're so good, why aren't they using Binance or Coinbase or some established exchange? The fact that they were pushing a new, unknown platform is a HUGE red flag. And 'insider strategies'? Please. Nobody has those, especially not on LinkedIn. I'd be surprised if Action Fraud can do much beyond filing a report, but you've got nothing to lose by doing it. Just don't get your hopes up for getting the money back. Scammers like this are usually long gone by the time any real action is taken.

Brian Hall · Houston, USAanswered 19d ago
5

This is heartbreaking. I was targeted in a very similar way. A 'financial advisor' on Facebook claimed he could double my pension savings through 'exclusive crypto mining opportunities.' I transferred €20,000. For a few weeks, the dashboard showed massive gains. Then, when I asked for a statement to show my wife, he blocked me. The website vanished overnight. I reported it to the Bundeskriminalamt (BKA) here in Germany, but they said crypto cases are exceptionally difficult due to the international nature and anonymity. I haven't heard anything back since filing the report. It's been six months. I still check that fake website sometimes, just hoping. It's a financial and emotional devastation.

Anna Richter · Hannover, Germanyanswered 19d ago
4

Man, I hear you. It's that feeling of violation, isn't it? I was scammed out of £15k last year by someone pretending to be a wealth manager I found on a business forum. Said they had a special investment fund for high-net-worth individuals. Turned out to be total BS. The platform they used looked incredibly slick, like something out of a Hollywood movie. When I realized it was gone, I felt sick for days. My wife kept saying, 'How could you be so trusting?' but honestly, these people are actors. They play on your aspirations. I reported it to the Hawks (our serious crime unit) and also tried the Financial Sector Conduct Authority (FSCA). Nothing came of it, but I felt slightly better for having at least tried. Don't let the embarrassment eat you up. You're not alone in this.

Connor Botha · Pretoria, South Africaanswered 19d ago
3

C'est terrible. This happens all too often. I fell for a 'luxury travel package' scam booked through a fake travel agent on Instagram. Paid a deposit of €5,000. They sent me beautiful brochures and even fake confirmation emails. When I tried to call them to finalize details, the number was disconnected. The 'agency' website was down. I reported it to Cybermalveillance.gouv.fr here in France. They gave me advice on securing my accounts and trying to track transactions, but actual recovery is rare. The main thing they stressed was *never* to trust unsolicited offers, especially those asking for upfront payment via wire transfer or crypto. If it sounds too good to be true, it almost always is. I'm so sorry you're going through this.

Lea Richard · Lyon, Franceanswered 19d ago
5

Report it to Action Fraud, yes. But also, be very wary of anyone suggesting you move your funds to an 'unregulated platform.' That's a huge red flag. Scammers create these fake platforms to mimic real trading interfaces, showing you fake profits to keep you invested. Once you try to withdraw, they lock your account or demand more fees. The key thing to remember for next time is to *always* use well-established, regulated exchanges. If someone is pushing a platform you've never heard of, especially with promises of high returns, run the other way. Seriously. The FBI's IC3 is another avenue if you suspect cross-border activity, though their resources are stretched thin. Good luck, but manage your expectations about recovery.

Ryan Allen · Portland, USAanswered 19d ago
4

This is precisely the kind of scam the FTC here in the US investigates, although recovery is tough. They often impersonate legitimate financial advisors or investment firms. The fact that they used a professional networking site like LinkedIn makes it more insidious. The crypto angle is also a major issue because it's harder to trace than traditional banking. Did you get any details on the crypto wallet addresses they used? If you did, and if they were traceable to a specific exchange (even a shady one), there's a slim chance of following the money. However, most scammers use mixers or privacy coins to obscure their tracks. The best immediate action is filing with Action Fraud and checking if the platform they directed you to is listed as a known scam or impersonator on any financial regulator sites, like ASIC or AFM. That information might help the authorities.

Ashley Lopez · Chicago, USAanswered 19d ago
3

Ugh, this sounds familiar. I got hit by a fake investment app promoted on TikTok. They said I could make 10% a day. Ten percent! I only put in $1000, thank goodness, but I felt like such an idiot when it disappeared. My uncle, who's a lawyer, told me that if the money went through any US banks or exchanges, there's a chance, but with crypto to an unknown platform? Forget it. He said the best thing to do is report it to the FBI IC3, but warned me not to expect much. I just wish these people would get caught. It's infuriating.

Brittany Jones · Philadelphia, USAanswered 19d ago
4

I'm sorry to hear this. It's a painful experience, and the feeling of shame is common, but please know you're not alone. Many people, even experienced investors, have fallen victim to these sophisticated scams. The financial world, especially crypto, attracts predators. Your best bet is to file a report with Action Fraud – it's the UK's national reporting centre for fraud and cybercrime. They collect reports and, where possible, pass them to the relevant police forces for investigation. While immediate recovery of funds is rare with these international crypto scams, reporting helps build a picture of the criminal activity and can contribute to future disruption. Keep all your evidence organised: screenshots of conversations, transaction details, platform URLs. This is crucial.

Mohammed Al Qasimi · Ras Al Khaimah, UAEanswered 19d ago
5

That feeling when the rug is pulled... I know it well. Scammers are getting incredibly good at creating fake personas and professional-looking platforms. I lost about €10,000 to a similar crypto scheme pitched via a dating app, can you believe it? They showed me fake profits on a site that looked like MetaTrader. When I wanted my money, they said I needed to pay a 'tax' first. That was the final straw. I refused, and they vanished. I reported it to the police and the BaFin (our financial regulator) here in Germany. BaFin put out warnings about many of these unregulated crypto platforms. Filing the report is necessary, but honestly, the recovery rate for crypto scams is abysmal. The best advice I can give is always, always, *always* verify any platform yourself through official regulator websites before sending a single euro. Never rely on someone else's word.

Leon Richter · Munich, Germanyanswered 19d ago
4

This is textbook confidence trickery mixed with crypto fraud. The LinkedIn approach is common because it exploits trust built in professional circles. They create a facade of legitimacy. The key red flags were the promise of 'insider strategies' and directing you to an unknown platform. Legitimate financial professionals don't typically operate that way, especially with crypto. Action Fraud is the correct channel in the UK. They are the national reporting centre for fraud. While direct recovery is unlikely given the nature of crypto and international scam operations, your report contributes to intelligence gathering. If you have details of the platform itself, check if it's mentioned on any scam lists or if any regulators (like the SEC or AFM) have issued warnings against similar operations. Document everything meticulously.

Lukas Schneider · Dusseldorf, Germanyanswered 19d ago

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