Lost my inheritance to a 'friend' on Telegram and a fake crypto site — what now?

asked 1d ago0 views130 answers
0

i'm just... completely devastated. i met this guy on telegram, like, not even a dating app, just a random group about investments. he seemed really nice, we talked for weeks, like properly became friends. he kept saying how stable his 'investment advisor' in Singapore was, and how much money he was making for his family. eventually, he convinced me to put some of my inheritance into this crypto platform, said it was super secure and he'd walk me through it. i didn't know anything about crypto, trusted him completely. the platform looked legit, had charts and everything.

i put in about £15,000. saw it 'grow' for a bit, then when i tried to withdraw, they hit me with all these 'tax' and 'compliance' fees. of course, i paid them because i was desperate to get my money. now they're asking for more and i just... i know it's a scam. i reported it to Action Fraud but haven't heard much back. feeling so stupid and alone. what else can i even do? is there any hope of getting any of it back?

130 Answers

45

I am so sorry to hear what you're going through, Emily. These scams are meticulously crafted, and it's absolutely not your fault. You've already done the right thing by reporting to Action Fraud, which is the primary channel for UK residents.

Beyond that, documenting absolutely *everything* is crucial. Keep all Telegram chats, transaction records, wallet addresses (if you have them), and screenshots of the fake platform. If you sent money via bank transfer, inform your bank immediately, even if it's been a while. While direct retrieval is often difficult, freezing accounts or tracing funds can sometimes happen, especially if they used a local mule account. Also, consider reporting to the Financial Conduct Authority (FCA) even though it's cross-border, as they might have intelligence on similar operations. For the crypto side, if you know the wallet addresses, reporting to Chainalysis or similar blockchain analytics firms, or even ChainAbuse, can help flag the addresses, potentially preventing others from falling victim and aiding future investigations. Sometimes, local law enforcement can assist too, for a crime report. But focus on gathering evidence first.

Noor Al Falasi · Dubai, UAEanswered 1d ago
38

Oh god, Emily, I feel this deep in my bones. I lost a huge chunk of my pension to a fake crypto investment too, after someone I thought was lovely befriended me online. The shame is immense, but it's not our fault. These people are monsters. I reported it everywhere – my bank, Action Fraud, even tried the US agencies because that's where the platform claimed to be registered. It's a long, silent road, usually. The most important thing for you now is to guard your emotional and mental health. Don't engage with any 'recovery' scammers who will inevitably reach out. They're just preying on your vulnerability. Just block everyone suspected, change your passwords, and talk to someone you trust in real life.

Sophie Visser · Utrecht, Netherlandsanswered 1d ago
21

Hey Emily, I'm really sorry this happened to you. It takes a lot of guts to even share this, so don't you dare feel stupid. These scammers are pros. You did what you thought was right based on trust they built. Keep all those messages, every single screenshot, even if it feels painful to look at them. Every little detail could help the police or, dunno, some specialist agency eventually. It's tough, but don't give up on getting justice.

Khalid Al Mansoori · Ajman, UAEanswered 1d ago
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Ugh, this story again. It's so disheartening. Honestly, Emily, the chances of getting your money back from these types of scams are usually super slim. They're often based overseas, move the money quickly, and use sophisticated methods to hide their tracks. Reporting is important, yes, for data and hopefully preventing others, but manage your expectations for recovery. It's a harsh truth, but focusing on moving forward might be better for your peace of mind than clinging to false hope. Still, do keep pushing Action Fraud for updates, you never know.

Charlotte Jones · Adelaide, Australiaanswered 1d ago
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What you've described, Emily, happens way too often here in the UAE too. They build that rapport, the 'friendship,' then slowly introduce the 'amazing investment.' It's classic pig butchering. Please, don't feel stupid. This is a very targeted psychological attack. The Singapore connection is also a common tactic they use to add a layer of credibility. Keep all records, even if Action Fraud is slow. Sometimes, cross-border cooperation happens, but it's rare. Your primary goal now should be to protect yourself from further scam attempts, as your details are now likely on 'sucker lists.' Change your phone number too if you can, seriously.

Noor Al Mansoori · Ras Al Khaimah, UAEanswered 1d ago
18

Emily, this is so hard to read. These 'friends' on Telegram or anywhere online who push crypto investments are almost always scammers. It's always a red flag if someone you only know online is giving you investment advice, especially for something as volatile and complex as crypto. And that whole 'pay fees to withdraw' thing? Classic. It's just a tactic to squeeze more money out of you. Block this person everywhere. Do not send another penny. Also, always check if any investment platform is registered with a reputable regulator like the AMF France or ASIC before putting any money in.

Louis Lefebvre · Montpellier, Franceanswered 1d ago
8

Look, I'm gonna be blunt. You need to accept that money is likely gone. These guys operate internationally, they're untraceable, and the funds are probably long gone from whatever crypto wallet they used. The 'friend' you were talking to? They're part of the scam too, or a completely fabricated persona. It's a heartbreaking situation, but dwelling on 'what if' won't help. Focus on protecting what you have left and being incredibly wary of *anyone* who contacts you about investments online, especially if it's unsolicited.

Lily du Plessis · Port Elizabeth, South Africaanswered 1d ago
15

Ach, Emily, my heart goes out to you. This is such a painful experience. It's not about being 'stupid'; it's about being human and trusting someone who exploited that. The emotional toll of these scams is often worse than the financial. Please reach out for emotional support, maybe a local victim support group or even just friends and family. Even if the money is hard to recover, your well-being matters. Continue to follow up with Action Fraud, just in case, but don't let it consume you. These scammers are sophisticated beyond belief.

Laura Muller · Hamburg, Germanyanswered 1d ago
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Yep, another one. I fell for a similar thing via WhatsApp, lost about 4k euros. The whole 'friendship' thing makes it sooooo much worse because you feel personally betrayed. The bank wasn't much help, said I authorised the transactions. Action Fraud didn't get anywhere. It's super frustrating. The best advice I got was to just cut all contact, mourn the loss, and get therapy if needed. Seriously, the mental health aspect of this is no joke. Don't fall for anyone promising to 'recover' your funds now, that's just a second scam waiting to happen.

Lotte Bakker · Almere, Netherlandsanswered 1d ago
5

Emily, listen carefully: *anyone* approaching you online, initiating 'friendship' and quickly pivoting to lucrative, low-risk investment opportunities, especially in crypto – it's a huge red flag. Always assume it's a scam until proven otherwise. No legitimate advisor will cold message you on Telegram for investments. And demanding fees to withdraw your own money? That's the ultimate giveaway. Please, warn everyone you know about this. Spread the word. These criminals thrive on silence and shame. And never, ever connect with anyone claiming to help you get your money back, they are often the same scammers or associates.

Faisal Khan · Ajman, UAEanswered 1d ago
5

Oh mate, that's rough. This sounds exactly like a classic crypto romance/investment scam. The Telegram connection and the fake platform are huge red flags. They lure you in with friendship, then pressure you with fake fees. Don't send them anymore money, even if they promise to 'unlock' your funds. It's gone. The platform likely isn't registered with any financial authority like ASIC here in Australia.

Noah Thompson · Gold Coast, Australiaanswered 1d ago
7

I am so incredibly sorry you're going through this. It's completely understandable to feel devastated and alone, but please know you are not stupid. Scammers are professionals at manipulation. They prey on trust and kindness. You did the right thing by reporting it to Action Fraud. Try to take it one day at a time. Sending you so much strength.

Amanda Jackson · Philadelphia, USAanswered 1d ago
4

This is a devastating situation. Telegram investment groups are notorious for housing these types of scams. That 'advisor' in Singapore is probably just another scammer using a fake location. The platform itself is likely a shell company, not a real regulated exchange. They create fake balances to string people along. Don't trust anything they say about fees or taxes. That's just them trying to squeeze more out of you.

Sophie Johnson · Newcastle, Australiaanswered 1d ago
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Hmm, sounds like a typical setup. These 'investment platforms' that promise high returns and then demand fees to withdraw are almost always scams. Did you ever verify the platform's registration with a regulator like BaFin? Probably not, because they don't exist. The fake growth is just numbers on a screen. I'd be very surprised if any of that money is retrievable.

Anna Schneider · Stuttgart, Germanyanswered 1d ago
6

I know exactly how you feel. I lost about $20k CDN to something similar last year. Met someone on Face-book, they talked me into a fake forex trading site, then demanded 'withdrawal fees' and 'taxes' when I tried to cash out. Filed reports with the RCMP and my bank, but no luck with getting money back. It's soul-crushing. I still can't believe I fell for it.

Ethan Lavoie · Calgary, Canadaanswered 1d ago
5

This is textbook. The Telegram chat, the 'friend' convincing you, the fake trading platform, and the escalating 'fees' are all hallmarks of a crypto scam. These platforms are designed to look real but are completely fabricated. Your money is likely already laundered. Reporting to Action Fraud is good, but for recovery, you'll need to focus on your bank if you used a card or direct transfer. Some banks have limited recovery options, but don't send the scammers more money. Ever.

Brittany Rodriguez · San Diego, USAanswered 1d ago
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I'm so sorry this happened. It's incredibly difficult to recover from this kind of financial and emotional loss. While the money might be gone, please focus on your well-being. Scammers are very good at what they do. Don't blame yourself. You were looking for a genuine investment opportunity. Reporting it is the right step. Perhaps a financial counsellor could help you navigate the aftermath?

Grace Ng · Singapore, Singaporeanswered 1d ago
5

This is a very common and sophisticated scam, often originating from networks that impersonate legitimate crypto exchanges like BitForex. The fabricated platform and the pressure tactics for fees are designed to trap victims. Unfortunately, once the funds are transferred to crypto wallets controlled by the scammers, recovery is extremely difficult. Reporting to regulators like the CFTC or SEC is important for tracking these operations, but don't expect a direct refund.

Yusuf Ahmed · Abu Dhabi, UAEanswered 1d ago
6

My heart goes out to you. This is so incredibly similar to what happened to my uncle in Lyon. He lost his savings to a fake gold trading scheme he found on WhatsApp. They even made him feel a fool for 'mistakes' he made. The fake platform looked so convincing. It broke his spirit for months. He reported it to the AMF France, but they said recovery chances were slim. It's a nightmare.

Hugo Lefebvre · Toulouse, Franceanswered 1d ago
4

This sounds absolutely painful, and please know you're not alone in this experience. So many people have fallen victim to these types of online scams recently. The fact that you reported it to Action Fraud is a really important step. Keep following up with them. Also, consider reaching out to your bank immediately, especially if the transfers were recent. They might have some fraud department procedures that could help, though recovery is often tough.

Daniel Hernandez · Miami, USAanswered 1d ago
5

I can relate to this on a deep level. I lost nearly €20k to a fake trading bot advertised on Facebook a couple of years ago. The whole process felt so real, the charts, the supposed profits. Then the demands for 'verification fees' and 'capital gains tax'. I paid and paid. I eventually stopped after realizing it was a dead end. It took months to even admit to myself what happened. I reported it to the local police but got nowhere. My advice? Never trust an investment pitched on social media or messaging apps.

Laura Fischer · Munich, Germanyanswered 1d ago
4

This is a distressingly common scam, unfortunately. They use social engineering, making you believe you have a trusted friend who is 'helping' you. The Singapore connection is probably a red herring; these operations are often global. The fake platform is key – they can show you any numbers they want. Reporting to Action Fraud is the correct procedure in the UK, but honestly, recovering funds from crypto scams is incredibly difficult. You did the right thing by stopping payment.

Emma Burke · Dublin, Irelandanswered 1d ago
3

I'm so sorry to hear about your inheritance. That's a huge loss. Please try not to beat yourself up about it. Scammers are really good at what they do, and they target people's trust. Reporting it is the first step. Keep pushing with Action Fraud. Sometimes they can take action against the scammers, even if getting your money back is unlikely. Sending you positive thoughts.

Mohammed Khan · Sharjah, UAEanswered 1d ago
5

Similar story here. Lost AUD $10k to a Forex scam found on Instagram. The fake platform, the 'account manager' who said he was based in Dubai. Same story with the bogus withdrawal fees. I was so angry and embarrassed. I eventually accepted it was gone. What worked for me, slightly, was reporting it to ASIC and my bank. My bank refunded me part of it because I'd used a credit card, but the bank transfer part was lost. Might be worth checking if any of it was on a card?

Thomas White · Canberra, Australiaanswered 1d ago
4

Yeah, this is brutal. I was in a similar boat last year, lost about £8k to a fake crypto 'investment' hatched on Facebook. This guy was super convincing, showed me all these fake profits. Then came the 'fees'. I was heartbroken. Eventually, I just had to file it away. The police took a report, but that's about it. It's a hard lesson, they say report to the FCA, but usually, it's too late by then. Don't send them another penny.

William Thompson · Brisbane, Australiaanswered 1d ago
5

This situation is unfortunately very familiar. The fake platform and the 'friend' are classic elements. While reporting to Action Fraud is correct, the chances of recovering crypto from these types of scams are statistically very low once it's been moved off the platform. The key takeaway for others is to *never* send money to someone you only know online for investment purposes, especially if it involves crypto. Always verify any platform directly with the relevant financial regulator, like the MAS in Singapore, *before* depositing funds.

Sophie Quinn · Limerick, Irelandanswered 1d ago
4

Oh geez, I feel sick reading this. This is exactly what happened to my brother-in-law. He met someone on Telegram too, talked about stocks and crypto. Then they pushed him to this fake site. He lost his savings too, maybe like $5,000 USD. He was so embarrassed he didn't tell anyone for months. He tried reporting it but nothing happened. He just had to accept it was gone. It's messed him up pretty bad.

William Morin · Quebec City, Canadaanswered 1d ago
4

This is just awful. I fell for a similar scam where someone I met online promised huge returns on a tech stock tip. They directed me to a fake broker site and, surprise, surprise, I had to pay 'fees' to 'release' my non-existent profits. I lost a few thousand dollars. I even sent them photos of my ID because they said it was for 'anti-money laundering'. Stupid, I know. They took everything. There was no getting anything back.

Matthew Hernandez · Miami, USAanswered 1d ago
3

I'm really sorry this happened to you. It's a horrible feeling when you realize trust has been exploited like that. You already did the most important thing by reporting it to Action Fraud. While recovery is often difficult, sometimes banks can reverse charges if it was a recent bank transfer or card payment. Follow up with them relentlessly. But absolutely do not send any more money to the scammers. That's their goal.

Khalid Iqbal · Abu Dhabi, UAEanswered 1d ago
5

I am so sorry you're going through this. It's completely understandable to feel devastated, but please know you are not alone and you didn't do anything truly stupid. These scams are designed to exploit trust and kindness. The 'fees' are a classic red flag for a fake platform. They'll just keep inventing more.

I deal with crypto fraud investigations in my line of work. Action Fraud is the right place to start, but sadly, recovery is rare. Your best bet now is to document *everything*. Every message, every transaction screenshot, the website URL, the Telegram handle. Give all of that to your local police too, not just Action Fraud. Even if recovery is unlikely, building a case helps authorities track and shut down these operations.

Julia Visser · Amsterdam, Netherlandsanswered 1d ago
3

Ugh, this is exactly how they get you. These crypto scams, esp on Telegram, they're brutal. I lost about 5 grand to a similar thing last year. Felt like a punch to the gut, esp when my wife asked where the holiday fund went. He seemed so genuine, talked about his kids, showed pictures... right before he told me to send it to some obscure wallet address.

Look, will you get the cash back? Probably not. But here's what I did: I kept all the chat logs. I took screenshots of the fake site. I even contacted my bank and told them directly, though they couldn't do much since it was crypto. Just wanted it on record. It doesn't make it right, but it makes you feel like you did *something*. Don't beat yourself up.

Thomas Harris · Glasgow, United Kingdomanswered 1d ago
2

Telegram group for investments? A 'friend' from there? And a 'secure' crypto platform? Sounds like it was built for you to lose money from the get-go, mate. You say it looked legit, but these scam sites can be incredibly convincing. They copy real ones all the time. £15k is a lot of dough, inheritance too. That's rough.

Action Fraud is usually pretty slow, I've heard. You could try reporting the website to the police, see if they can take it down. But honestly, getting money back from these types of scams is usually a pipe dream. They're overseas, usually. Just be super careful who you talk to online from now on.

Noah Taylor · Hobart, Australiaanswered 1d ago
4

This sounds like a classic 'pig butchering' scam, but with a crypto angle. They 'groom' you, build rapport, then lure you into a fake investment. The 'fees' are just to extract more money. I saw a documentary about this last week. It's devastating, I feel for you.

Red Flag: If anyone you meet online, especially on social media or messaging apps, pressures you into any investment, *especially* crypto, and promises guaranteed high returns, walk away. Immediately. No legitimate advisor asks you to move money to an unknown platform. Report them to the platform they're on (Telegram in your case)!

Sophia Gauthier · Calgary, Canadaanswered 1d ago
3

Ah mate, that's a shocker. Telegram scams are rife at the minute. They make them look so real. I've seen friends get burned. This 'friend' sounds like a total scumbag. The fake platform, the made-up fees... it's all smoke and mirrors. It's a horrible feeling when you realise you've been had, trust me.

I'd suggest reporting it to the FCA (Financial Conduct Authority) here in the UK as well, even if it's a crypto-related platform. They might not be able to recover your money, but they track these kinds of scams and can issue warnings. The more reports they get, the better. Don't expect much though, tbh. It's a nasty game.

Noah Wilson · Sydney, Australiaanswered 1d ago
4

i read your post and my heart goes out to you. what a horrible experience. when i lost my savings last year to a 'forex signal group' on WhatsApp, i felt exactly this way. suicidal, almost. the shame was unbearable. this 'friend' from Telegram, he played you perfectly. they build that trust first. the fake growth charts, the 'compliance fees' – it’s all designed to drain you.

I reported it to the Dutch police and got a case number, but it felt like shouting into the void. They told me recovery prospects were slim to none. If you want to try anything else, you can look up the Dutch Autoriteit Financiële Markten (AFM) and see if they have any warnings about similar platforms or Telegram investment groups. But I’m not optimistic about getting the money back, I'm so sorry.

Anna van den Berg · Eindhoven, Netherlandsanswered 1d ago
3

This sounds exactly like what happened to my uncle last year. He lost a similar amount, though he was in a WhatsApp group and thought he was investing in gold. They had him pay 'taxes' and 'withdrawal fees' too, right before the whole site disappeared. He was heartbroken but eventually he joined a support group for scam victims. It helped him process the grief and shame.

You did nothing wrong by trusting someone. They're professional manipulators. The best thing you can do right now is talk about it, like you're doing here. Don't let the shame eat you up. Maybe look for a victim support network online. Some are run by former investigators, like the ones I've heard about from the UK's National Fraud Intelligence Bureau (NFIB).

Eva Mulder · Groningen, Netherlandsanswered 1d ago
2

Honestly, the odds of recovering £15k from a crypto scam, especially one originating on Telegram with demands for 'fees', are vanishingly small. File the report with Action Fraud, but don't hold your breath. These guys operate from jurisdictions that make extradition and asset seizure incredibly difficult. It's a numbers game for them, and you were just one of their marks.

What you *can* do is make sure no one else falls for it. Spread the word about this specific scam if you can find others who experienced it. Block and report the Telegram account. Don't engage further. Any more money you send is just fuel for their fire.

Olivia Harris · Sydney, Australiaanswered 1d ago
5

Man, I'm so sorry. That's a brutal hit, especially with inheritance money. This is the kind of scam that makes me furious. They prey on people trying to do something good with their money. The fake crypto site, the fabricated fees – it’s a playbook. They are professional liars trained to exploit vulnerability. My sister almost fell for a similar thing with Amazon gift cards and a fake IRS agent – told her to buy gift cards. I stopped her just in time.

Practical Tip: If a platform ever asks for upfront 'taxes' or 'compliance fees' to release your own funds, it is 100% a scam. Legitimate institutions don't operate like that. They might deduct fees *after* a successful transaction, but they don't ask for payment upfront to unlock your money. Run away. Report it. Don't pay.

Brandon Martin · Houston, USAanswered 1d ago
3

Oh no, this is heartbreaking. I've seen too many people lose money this way. The 'friend' on Telegram is likely a bot or a scammer working from a script. The fake crypto site is a common tactic. Seeing your inheritance 'grow' is designed to hook you so you'll pay more. It's emotional blackmail with the fees.

I'd strongly recommend reporting this to the ASIC (Australian Securities and Investments Commission) if you haven't already, even if the platform wasn't Australian. They might not be able to get your money back, but they collect data on these scams. Also, check if the platform is listed on any scam warning lists from MAS (Monetary Authority of Singapore) since that's where they claimed their 'advisor' was. Sadly, recovery is tough.

Isla Brown · Gold Coast, Australiaanswered 1d ago
2

This is so typical it hurts. Fake crypto sites are a dime a dozen now. The whole Telegram friendship thing? Classic romance/friendship scam setup to bleed you dry. People get so attached. They make you feel like you're in on something special. Then BAM. Fees and more fees. Did you check if this platform was registered with BaFin (German Federal Financial Supervisory Authority)? Probably not, but always worth a quick check for any investment site.

I'm sorry to be blunt, but getting that £15k back is like finding a unicorn. The best you can do is report it and warn others. Block that guy on Telegram and never trust anyone who promises easy crypto riches. Never.

Niklas Becker · Munich, Germanyanswered 1d ago
4

Quelle horreur. I feel for you deeply. Losing inheritance is a special kind of pain, and to have it stolen... it’s a nightmare. My aunt lost money to a similar investment scam years ago – not crypto, but a fake stockbroker. She was convinced. He sent her fancy brochures. She couldn't withdraw her initial investment, and they hit her with 'penalties for early withdrawal' and 'administration fees'.

What helped her a little was talking to a lawyer specializing in financial fraud. It cost her something, but it gave her a clearer picture of the legal avenues, even if they were unlikely to succeed. She also reported it to the AMF France. The main thing is, don't internalize the blame. These people are predators. You did what you thought was right under their manipulation.

Louis Bernard · Toulouse, Franceanswered 1d ago
3

Hello there. I understand your pain. I came across a similar scenario where a Telegram 'friend' introduced my cousin to a trading platform. They lost a significant amount. My cousin reported it to the local police and the UAE's Cybercrime department. The police were sympathetic and recorded the complaint, but sadly, recovering funds from overseas crypto scams is extremely difficult.

What the police advised was to try and get the Telegram account banned. If you have the username, report it to Telegram itself. They might not act, but it's another step. The 'investment advisor' in Singapore? Likely a fabricated persona. Keep all records safe. Every message.

Fatima Al Falasi · Al Ain, UAEanswered 1d ago
4

This is incredibly frustrating and upsetting. I work in compliance for a legitimate financial institution in the UK. This particular scam – the 'advance fee' for withdrawal – is a massive red flag. There's no legitimate financial entity that operates this way. They invented the fees to keep you hooked and drain your funds.

You’ve already done the right thing by reporting to Action Fraud. I'd also strongly recommend filing a complaint with the Financial Conduct Authority (FCA). They oversee financial services in the UK. While they might not recover your funds directly for crypto scams like this, they can take regulatory action against unregistered firms if they can identify them, and warnings are crucial for public safety. Also check if the fake site has any connection to a registered entity; if so, report that too.

Daniel Davies · Brighton, United Kingdomanswered 1d ago
2

I’m so sorry this happened. £15k inheritance is a huge loss. The Telegram 'friend' bit is a huge part of it – they build fake trust. Was this platform on any official register? Like, did you check if it was approved by the SEC (U.S. Securities and Exchange Commission) if they claimed US ties? Or even BaFin if they mentioned Germany? Most of these fake crypto sites aren't.

It’s unlikely you’ll get the money back. But keep meticulous records. Every single detail. You might need it later. Also, check if your bank has any fraud protection for the transfers you made. Sometimes, if you can prove it was a scam and you acted in good faith, they *might* be able to help. But don't get your hopes up. It's a long shot.

Mia Simon · Bordeaux, Franceanswered 1d ago
3

This is heartbreaking. I, too, lost a significant amount of money to a fake crypto investment scam. It was a website and app that looked incredibly real, with live trading data and everything. They promised huge returns, and when I tried to withdraw my 'profits', they demanded a 'withholding tax'. I paid it, then they asked for more. It felt like a punch to the gut. I reported it to the Sûreté du Québec, but they said crypto fraud is very hard to trace.

What I found helped, at least mentally, was to block the scammers everywhere and stop engaging. Continuing to talk to them just gives them more power and more opportunities to manipulate you. You already did the right reporting steps. Now, focus on healing.

Ethan Gagne · Quebec City, Canadaanswered 1d ago
3

This is a tough situation. The entity claiming to be an 'investment advisor' in Singapore, if they're asking you to deposit funds into an unofficial crypto platform disguised as legitimate, is almost certainly a scam. Singapore's MAS (Monetary Authority of Singapore) has resources to check if firms are licensed. You could try reporting the platform's details to them.

While recovery is difficult, one thing you can do is freeze your credit report if you're in Canada or the US. This makes it harder for scammers to use your identity for further fraud. Also, inform your bank immediately that you were scammed, even if they can't reverse recent transactions. They might flag your account for unusual activity.

Faisal Sheikh · Ajman, UAEanswered 1d ago
4

Oh god, the 'fees' to withdraw. That's the oldest trick in the book for these scams. I fell for a similar thing a few years back, thought I was investing in premium bonds online. They kept saying 'processing fees' and 'anti-money laundering checks'. I ended up losing about £2,000 before I realised. My husband was so mad, not at me, but at the scammer. We reported it to the police here in Rotterdam, but they said it was likely offshore and almost impossible to get back.

Don't blame yourself. These people are professionals at deception. The best thing you can do is never invest in anything you don't understand, never trust an 'investment advisor' you met on Telegram, and always, always verify the legitimacy of any platform with an independent financial regulator like the AFM.

Levi Jansen · Rotterdam, Netherlandsanswered 1d ago
4

This is a nightmare scenario, I'm so sorry. Telegram groups for investments are basically just recruiting grounds for scammers these days. That 'friend' likely doesn't exist. The fake site, the fees – textbook. I lost money to a phishing scam that looked like my bank's login page once. Felt like an idiot for weeks. But I learned.

What to do: If you told your bank you made payments to this fake crypto site, and if those payments were made recently *and* by credit card or a protected payment method, there *might* be a slim chance of a chargeback. It's worth contacting your credit card company (Visa, Mastercard, etc.) and stating fraud. You'll need all your evidence from Action Fraud. Don't count on it, but it's your best shot at recovering money.

Logan Tremblay · Ottawa, Canadaanswered 1d ago
4

Heartbreaking story. These crypto scams are absolutely rampant. The 'friend' from Telegram is the lure, the fake platform is the trap, and the 'fees' are the jaws closing. It's a devastating experience. My neighbour lost her entire pension fund to a similar plot via Facebook messages.

Reporting to Action Fraud is critical. Don't stop there though. If the crypto platform itself has a registered business entity anywhere, try reporting it to the financial regulator of that country. For example, if they claimed to be based in Germany, check if they are listed by BaFin. Even if they are not, reporting them can help authorities build a bigger picture. You are not alone in this, and it's not your fault. These people are incredibly skilled at what they do.

Marie Weber · Hannover, Germanyanswered 1d ago
3

Oh, love, that's absolutely heartbreaking. I know that feeling of exposure, of utter disbelief, far too well. That Telegram 'friend' and the fake crypto site are classic scam elements. That Singapore advisor detail? Big red flag. Reporting to Action Fraud is the right first step, but for the crypto itself, you *might* want to explore reporting it to the Financial Conduct Authority (FCA) in the UK. Even if they can't recover your funds, they track these scam platforms. They can sometimes issue warnings or take action if the platform is pretending to be a regulated entity. Don't beat yourself up; these scams are designed to prey on trust and hope. You're not stupid, you were manipulated.

Chloe Pillay · East London, South Africaanswered 1d ago
5

God, that's just awful. I'm so, so sorry you're going through this. It sounds like a textbook crypto romance/investment scam. The way they build trust, then drain you with 'fees' – it's just monstrous. Take deep breaths. You're not alone in this, even if it feels like it right now. So many people fall for these sophisticated scams. Did you save any screenshots of the platform or the chat logs? Even if it seems hopeless, sometimes those details can help others avoid the same fate. Just keep putting one foot in front of the other, okay? Sending you strength.

Megan Thomas · Minneapolis, USAanswered 1d ago
4

This has all the hallmarks of a well-orchestrated scam. The Telegram connection, the fake investment advisor, the 'secure' crypto platform, and then the endless fees – that's a classic funnel. They lull you into a false sense of security. Please, for anyone reading this who might be tempted by incredible 'investment opportunities' or 'friends' who promise guaranteed returns, be extremely wary. If something sounds too good to be true, it almost certainly is. Always verify the platform and any 'advisor' through independent, official regulators like the U.S. SEC or BaFin in Germany. Don't ever send money based solely on someone's recommendation from a messaging app.

Layla Al Marri · Ras Al Khaimah, UAEanswered 1d ago
2

Hmm, £15,000? And you saw it 'grow'? Yeah, that's how they hook you. I'm always suspicious of anything on Telegram pitched as an investment opportunity, especially if it involves crypto. Did this 'platform' have any official registration details? Like, a company number or a link to a regulator in Singapore? Most legit international platforms are registered somewhere. If he couldn't provide concrete, verifiable proof of regulation, that's a massive red flag, imo. Shame you didn't get that far, but yeah, sounds like a nasty one.

Thomas Roberts · Bristol, United Kingdomanswered 1d ago
5

This is incredibly painful to read. Similar scams are happening constantly over here in Europe, often facilitated through apps like Telegram. The 'investment advisor' in Singapore is a common decoy. They create a phantom link to legitimacy. The way they demand more money after initial fees is a critical warning sign. If you are ever pressured for 'compliance' or 'tax' fees to withdraw funds from any investment, especially crypto, consider it a scam 99% of the time. Legitimate entities don't operate like that. Check the platform's claims against official regulatory bodies – for example, BaFin in Germany would be the place to look for German-based entities, but Singapore has its own regulator, the MAS, whom you could check if the platform claimed to be regulated there.

Thomas Koch · Munich, Germanyanswered 1d ago
6

I can't even imagine how you feel. It's like reliving my worst nightmare. I lost about €10,000 last year to a fake forex trading site I found through a Facebook ad. They promised me the moon. The 'account manager' kept telling me I needed to deposit more to 'cover potential market fluctuations.' It was just a constant excuse to keep me sending money. I finally realised when he started getting aggressive and threatening to 'liquidate my account' if I didn't pay another huge 'fee'. I felt so silly, so embarrassed. You are definitely not alone.

Lea Wagner · Stuttgart, Germanyanswered 1d ago
3

Ugh, that's brutal. Telegram is a cesspool for these things lately. That whole 'friend' angle is so manipulative. They build you up, make you feel comfortable, then BAM. The fake crypto site, the Singapore connection – it's all designed to look legit but isn't. If you ever see an investment opportunity pushed on you via social media or messaging apps, and it involves crypto or forex with promises of high, stable returns, run. Seriously, just run. Block them and ghost. Save yourself the heartache.

Emma Ouellet · Edmonton, Canadaanswered 1d ago
4

Reading this filled my heart with sadness for you. It sounds like a very painful experience, and I want you to know you're heard. Don't let anyone make you feel stupid for trusting someone you thought was a friend. Scammers are incredibly skilled at grooming their victims. The fact that you reported it to Action Fraud is excellent – that's precisely what they're there for. Keep following up with them, even if it's just to ask for an update. Sometimes, tenacity pays off, even if it's just to help build a case against these criminals.

Ibrahim Iqbal · Dubai, UAEanswered 1d ago
3

Hang on, a friend on Telegram *and* a fake crypto site? That's two massive red flags right there. I'd be very skeptical of anyone you meet on there about investments. Did you do any due diligence on the platform itself? Like, check if it was registered with any recognised financial authorities? For the UK, the FCA is the main one. For Australia, ASIC. If it wasn't registered, that's a big problem. Also, why would an 'investment advisor' in Singapore be talking to someone on Telegram? It just doesn't add up for me. Sounds like a classic setup.

Camille Laurent · Bordeaux, Franceanswered 1d ago
7

I nearly fell for something similar a few years back. Met a guy online, he seemed so genuine, showed me 'proof' of his trading success. He pushed me towards a platform that looked *exactly* like yours. I even transferred a few hundred quid as a test. My gut told me something was off, though. The withdrawal process was clunky, and they asked for ID that felt a bit invasive. I pulled out *just* in time and reported them to ASIC. It’s devastating to hear you lost so much. You’re not alone. The key is always regulatory oversight – if a platform isn't clearly authorized by a reputable body, walk away.

Grace Harris · Brisbane, Australiaanswered 1d ago
3

£15,000?! Oh no. I had a similar thing happen, not with crypto but with some dodgy forex trading 'signal' group on WhatsApp. They promised consistent profits. I put in about R5,000, and when I tried to take it out, they wanted R20,000 for 'international transfer fees.' I just laughed. Clearly a scam. The key thing is: if *anyone* contacts you out of the blue, especially on social media or messaging apps, about 'guaranteed' investments, it's fake. Report them and block them immediately. Block and report. Never engage further.

Lily Naidoo · Bloemfontein, South Africaanswered 1d ago
4

This is heartbreaking. The Telegram and crypto scam combination is particularly nasty. They groom you, make you feel safe, and then the money demands start disguised as 'fees.' It’s a classic trap. If you ever encounter a situation where you need to pay extra fees before withdrawing funds, especially from a crypto platform that appeared out of nowhere, stop. Always freeze. Check the platform's regulatory status with official bodies like the AMF in France or the CFTC in the States. If they aren't registered and regulated, it's almost certainly a scam. Do not pay any more money.

Louise Laurent · Strasbourg, Franceanswered 1d ago
3

A friend on Telegram? Seriously? I'm always suspicious of people cold-messaging me on those platforms, especially if they start talking about investments right away. It sounds like a classic romance or friendship scam combined with a crypto ponzi. Did you check the platform's website independently? Like, look for reviews on trusted sites, not just testimonials on their own page? And did they have any kind of registration with a financial authority? Imo, if it's not on a reputable exchange or doesn't have clear regulatory backing, don't touch it with a ten-foot pole.

Stefan Schneider · Leipzig, Germanyanswered 1d ago
5

I lost a smaller amount, about €3,000, to a similar fake investment scheme a couple of years ago. They used a very convincing website and even had fake news articles displayed. It took me months to accept it was gone. The key lesson I learned? Never, ever trust investment advice or platforms found through social media or direct messages, especially from people you barely know. Always, always verify the platform's registration with the official financial regulator in their stated country. The BaFin in Germany is very strict, for example. If they aren't licensed, it's a scam. You're strong for reaching out.

Mees de Jong · Tilburg, Netherlandsanswered 1d ago
3

This is a devastating situation. The Telegram to fake crypto platform route is tragically common. They build a false sense of trust. That 'Singapore advisor' is a typical phantom. Any time you are asked to pay additional 'taxes' or 'compliance fees' to release your own funds from an investment platform, especially a crypto one, consider it a scam. Legitimate financial institutions don't operate like that. It's a way to extract more money. Check the platform against regulators like the MAS in Singapore, if that's where it claimed to be based. If there's no clear registration, do not send more money.

Emma Smit · Tilburg, Netherlandsanswered 1d ago
4

Wow, that's a rough one. Telegram scams are really on the rise. That whole 'friend' thing, then the crypto site – it’s a classic bait-and-switch. The fake 'fees' are the worst bit. They just keep asking for more. For anyone else reading this, look, never send money to an investment platform you found through a social media contact. Always do your own digging. Check the company's registration details and regulatory status. You can usually find this on the website of the financial regulator in the country where they claim to be based. For example, the AFM in the Netherlands is quite thorough.

Paul Wolf · Hannover, Germanyanswered 1d ago
4

I got scammed out of about £5,000 with a similar fake investment site a while back. It was presented as a way to get involved in early-stage tech, not crypto. They had fake 'investor portals' and all the bells and whistles. I kept putting more in because I saw my 'profits' climbing. When I tried to withdraw, it was always some excuse – 'verification needed,' 'international transfer issue.' It took me months to admit I'd been duped. Don't feel foolish; these people are professionals at deception. Just focus on reporting it and trying to warn others.

Eva de Jong · Groningen, Netherlandsanswered 1d ago
5

I'm so sorry this happened to you. It's agonizing. That Telegram contact and the fake crypto platform are textbook scam elements. They build manufactured trust. The 'tax' and 'compliance fees' are just more lies to get more money. They are designed to overwhelm you. Please, stop sending them any more funds, whatever they ask. It’s gone. The most important actionable step here is to ensure any platform you *ever* consider for investments, especially crypto, is officially regulated. In Germany, that would be BaFin. If they aren't on a regulator's watch list or authorized, it’s a scam. You're brave for sharing.

Oliver Roberts · Brighton, United Kingdomanswered 1d ago
4

Oh love, that's absolutely gutting. I know that sick feeling you get when you realise. It’s like the ground opens up. That 'friend' on Telegram and the fake crypto site? That's a classic setup. They isolate you, build trust, then take everything. Don't blame yourself. You trusted someone who turned out to be a predator. Reporting to Action Fraud is absolutely the right thing. Keep following up with them. Also, try contacting your bank, explaining it was a fraudulent transaction, though with crypto, it can be tricky. Some banks have fraud departments that might be able to help, if only with advice.

Lea Koch · Stuttgart, Germanyanswered 1d ago
5

This is incredibly distressing to read. The mechanism you described – Telegram contact, fake crypto platform, escalating fees – is a common scam, unfortunately. Many people are caught out by these sophisticated operations. The key warning sign is the demand for more money *after* you've made an initial investment, especially framed as taxes or compliance. Legitimate platforms don't operate this way. Always check the platform's regulatory status with official bodies like the SEC in the US or the FCA in the UK *before* investing. If there's no verifiable registration with a trusted regulator, it's a scam. Do not send any further payments.

Mees Mulder · Breda, Netherlandsanswered 1d ago
3

C'est vraiment dommage d'entendre ça. These 'investment advisor' scams are depressingly common, often preying on people's trust and desire for financial security. The Telegram/Singapore connection is a classic tell. They create a sense of legitimacy with vague geographical links. Sadly, recovering lost funds from these types of crypto scams is exceedingly difficult once the money has moved through multiple wallets. When people demand upfront 'fees' for withdrawals, that's a major red flag. Always be wary of unsolicited investment advice and platforms that promise guaranteed high returns with minimal risk. Consider reporting to your national financial regulator as well - in France, that would be the AMF.

Emma Durand · Bordeaux, Franceanswered 1d ago
1

So, a Telegram 'friend' and a fake crypto site? This sounds like a very common setup. These people build rapport quickly and push you towards platforms they control. The 'fees' you paid are gone. They are just making up excuses to get more money. Never trust someone met online promising easy money, especially in crypto. Did you ever verify the site with any financial authority? Probably not, because they make it look real. What do you expect now?

Sara Al Falasi · Abu Dhabi, UAEanswered 1d ago
5

Oh honey, my heart aches for you. It's not stupid, it's being human and trusting someone. I fell for one of these too, not crypto but a fake government grant scheme. Lost about $5k from my savings. The feeling of betrayal is the worst part, isn't it? The 'fees' they charge? That's just them squeezing more out. They'll keep inventing reasons. I learned the hard way that if it sounds too good to be true, it always is. And yeah, reporting helps, but don't expect miracles. Just be kind to yourself.

Amanda Johnson · San Diego, USAanswered 1d ago
4

My gosh, reading this makes me feel sick. I was scammed out of £8k last year by someone I met online, promising the moon. They even had a fake website that looked incredibly professional. I was so embarrassed I didn't tell anyone for months. After I finally opened up to my sister, she helped me report it. While I never got my money back, the support system helped. You're not alone in this. Reporting is definitely the right step, even if it feels slow. And please, block and delete that 'friend' immediately.

Emma Janssen · Breda, Netherlandsanswered 1d ago
2

Telegram and crypto mate, that's a double whammy for scams these days. They literally set up these fake sites and train dodgy people to build trust. 'Investment advisor in Singapore' – sounds like they copied it from a script. The 'fees' are just them trying to fleece you more. Did you even check if the platform was registered with any proper financial regulator? Like the FCA here, though they probably wouldn't be anyway. Don't send them another penny. It's gone, I reckon.

Jack Hughes · Liverpool, United Kingdomanswered 1d ago
5

Ugh, I'm so sorry you've gone through this. The exact same thing happened to my mate Dave last year, except it was a fake share trading app. Met the guy on Facebook. Lost him about $10k AUD. He was devastated, couldn't sleep for weeks. He reported it to ASIC, but they said too late. It's heartbreaking. What he did eventually was change all his passwords everywhere and enabled two-factor authentication on everything he could. It's a small comfort but stops them getting more. Stay strong, you're not the only one ripped off.

Jack Thompson · Hobart, Australiaanswered 1d ago
3

Watch out, this is designed to take every last penny. That Telegram 'friend' and the scammy crypto site are a classic combo. They lure you in with fake gains, then hit you with impossible 'fees' to 'release' your funds. It's all a lie. If they ask for more money, do NOT pay. Block them. Report it not just to Action Fraud, but also consider any central bank or financial conduct authority in your country. Every report helps build a picture, even if recovery is unlikely. Do *not* trust them or the platform further. They are criminals.

Jack Byrne · Galway, Irelandanswered 1d ago
4

Oh, sweetie, processing this must be agonizing. I lost my savings to a romance scammer who then redirected me to that exact type of crypto scam. They make you feel so ashamed. But NO ONE is stupid for trusting someone, especially when they seem so convincing and prey on your dreams. The 'fees' are just another layer of the scam. They will invent more. My biggest piece of advice, honestly, is to talk to people. My pastor helped me immensely. Don't carry this burden alone. Reporting is good, but self-care is vital now.

Lily Khumalo · Pretoria, South Africaanswered 1d ago
3

I'm really sorry to read your story. My neighbour, an older lady, fell for a very similar scam on WhatsApp. They convinced her to invest in virtual gold shares. She lost a significant amount, and it took a huge toll on her. She reported it to the Dutch Authority for the Financial Markets (AFM), and while they couldn't recover the money, they did start an investigation into the platform which made them take it down eventually. It offered her a tiny bit of comfort. It's devastating, but please keep reporting it.

Tess Janssen · Groningen, Netherlandsanswered 1d ago
2

This is textbook scam behaviour. The Telegram contact, the fake crypto site that seems real, the made-up fees – it's all part of the plan to drain your account. They are predators. If you pay them more, they will just invent new 'fees' or 'taxes'. Have you checked if this crypto site is even listed on any reputable exchange aggregator? Or if the people behind it have any background check possible? Probably not. Do not engage with them anymore. Block and report.

Ciara Byrne · Limerick, Irelandanswered 1d ago
4

I feel this. I lost $20,000 to a fake Forex broker that operated through Instagram DMs. One minute it was 'hello', the next I was 'investing' thousands. They looked so professional, had fake testimonials and everything. When I asked for my money, suddenly it was 'account verification fees' and 'transfer charges'. Reporting to Australian Securities and Investments Commission (ASIC) was a long process, and honestly, I didn't get my money back. But I did learn to be incredibly skeptical of anyone online offering 'investment opportunities'. Always do your own deep dive research.

Mia Brown · Canberra, Australiaanswered 1d ago
3

Honestly, this is rife right now. These Telegram groups are full of scammers posing as investors or 'friends'. The fake crypto sites are slick, designed to look legitimate with live charts and fake balances. The 'fees' are the oldest trick, meant to hook you into paying more. They are not going to let you withdraw anything. They will just keep asking for more money until you have none left. The best thing you can do now is to stop sending them any more money. Report it to your country's financial regulator, like the CFTC in the US, even if recovery seems unlikely. They need the data points.

Charlie Wood · Liverpool, United Kingdomanswered 1d ago
2

Yeah, I've seen this type of thing. My cousin nearly got caught. They had him on a similar Telegram scam talking about 'exclusive mining opportunities'. The crypto platform looked like something out of Tron. He was about to send over £10k, but then he showed me the site and I went, 'Mate, that's not right.' A quick search showed it was a known scam domain. Always, always check a site or platform with a quick Google search for 'scam' or 'review' before you even think about sending money. Even if it looks fancy, it can be fake.

Matthew Wilson · Portland, USAanswered 1d ago
4

This is rough. I lost a good chunk of money, maybe $8k, a few years back to a crypto scam through a social media influencer who turned out to be fake. They pushed some altcoin and a private trading group. When I tried to cash out, boom, 'withdrawal fees' and 'account maintenance charges'. They were relentless. I reported it to the SEC and my state, but the money was just gone. It's a horrible feeling, like being violated. You did the right thing reporting it, but be prepared for a long shot.

Lucas Lefebvre · Nice, Franceanswered 1d ago
1

It's always the inheritance, isn't it? Always someone who seems like a friend. This is a very common pattern. They create a sense of urgency and closeness, then boom, they ask for money for a fake investment. The 'taxes' and 'compliance fees' are just more lies. They will never let you withdraw your money. You've paid enough. Do not send them any more money. Seriously. Reporting is the only practical action left, but don't hold your breath for recovery.

Amanda Jackson · Denver, USAanswered 1d ago
4

Don't beat yourself up. These scammers are professionals at manipulation. They know how to build trust and exploit it. I lost about €20,000 to a Forex scam a couple of years ago. Met the scammer on LinkedIn, unbelievably. They were so convincing, talked about family, shared fake photos... it was all a performance. The 'fees' they demanded were for 'platform upgrades' and 'security checks'. I contacted my bank immediately, which helped block some transfers, but much was already gone. Now I'm super careful about who I connect with online personally and professionally.

Ciara Walsh · Waterford, Irelandanswered 1d ago
3

This is awful, truly. The advice given here is good. These Telegram crypto scams are incredibly sophisticated. The fake platform, the convincing 'friend'... it's all designed to make you feel secure. The moment they ask for 'fees' for withdrawal, that's the end of it. It's gone. You've done the right thing by reporting to Action Fraud. Keep copies of everything – the chats, the website screenshots, the transaction details. This information is crucial if any regulator does pursue them, however unlikely.

Conor O'Neill · Belfast, Irelandanswered 1d ago
4

Hey, I'm really sorry this happened. It's a horrible experience. I lost a bit of money this way once too, got scammed on a fake share trading platform. Felt like a complete idiot for weeks. My dad, who's a bit of a tech whizz, told me to check the website's domain registration details using a WHOIS lookup tool. It showed the site was only registered a few months prior and hidden behind a privacy service. It didn't get my money back, but it confirmed it was fake and gave me closure. You can try that if you haven't already.

Aisha Al Suwaidi · Abu Dhabi, UAEanswered 1d ago
5

This is heartbreaking. So many people are falling victim to these Telegram/crypto scams. They are absolute scum. The 'friend' is a fabrication, the platform is fake, and the 'fees' are just theft. I learned this lesson too late, losing a substantial amount to a fake investment platform advertised on my social media feed. Reporting to the authorities felt futile, but I kept all the evidence. It's important to remember that you are not alone and it is not your fault. These people are criminals who prey on trust.

Amelia Johnson · Canberra, Australiaanswered 1d ago
4

I completely sympathize. Losing an inheritance is devastating. Those Telegram scammers are slick. They create a fake sense of community and then exploit it. The fact that they're asking for more money after you've already paid fees is a huge red flag – they'll never stop. I lost a few thousand on a similar fake investment app a while back. It took me months to even talk about it. What helped me most was joining an online support group for scam victims. Just talking to people who understood made a huge difference.

Olivia Smith · Vancouver, Canadaanswered 1d ago
8

Devastated is an understatement. What you've described perfectly matches the 'pig butchering' scam, especially with the Telegram to fake crypto site vector and the escalating fees. They groom you, build trust, and then bleed you dry. The 'advisor' in Singapore is a fabricated persona, and the platform itself is designed to look real but is just a frontend for stealing your funds. Unfortunately, direct recovery of funds once they've been sent through these channels is extremely difficult, bordering on impossible. The most critical step now is to freeze any bank accounts involved and file reports with every relevant authority. Action Fraud is good, but also consider reporting to your bank and any financial regulators if you can identify them (though these fake sites often hide that). The crypto itself is likely untraceable once it hits mixers.

Tyler Wilson · Dallas, USAanswered 1d ago
5

Oh, I feel this so hard. The sickening feeling when you *know* you've been had. I lost about £8k last year to a very similar thing, though mine started on Insta. They make you feel so isolated, don't they? Like you're the only idiot in the world. You're not. These scams are sophisticated and prey on trust, especially when dealing with something complex like crypto. Reporting to Action Fraud is correct. Did your bank offer any chargeback or fraud protection? Sometimes if the initial payment was recent and linked to a card, there's a slim chance, but with crypto transfers... it's grim. Don't beat yourself up, you were just being human and trusting.

Lina Schulz · Stuttgart, Germanyanswered 1d ago
5

This is classic. Telegram + fake crypto + inheritance money = a recipe for disaster. They use every emotional trick in the book. The 'growth' you saw was faked in their database. The fees are a common tactic to extract more. Seriously, guys, if someone you meet online, esp. on a social app or shady forum, starts pushing specific investment platforms, ESPECIALLY crypto, run. Especially if they're 'walking you through it'. Never ever do that. Report it everywhere you can, but understand that getting the money back is a long shot.

Lucas van der Merwe · Cape Town, South Africaanswered 1d ago
7

This sounds like a 'pig butchering' scam scenario, common with platforms impersonating legit crypto exchanges. The individuals met on Telegram and the fabricated 'investment advisor' in Singapore are typical elements. Regulatory bodies like the Monetary Authority of Singapore (MAS) do not endorse or regulate platforms like the one you described. If you sent funds from a bank account, contact your bank immediately to report the fraudulent transaction. While recovering crypto is difficult, reporting the details might help authorities track patterns. Also, check if the fake platform claims to be registered with any jurisdiction; if so, you can cross-reference with the official regulator for that country (e.g., SEC in the US, BaFin in Germany, ASIC in Australia).

Aaron Tay · Singapore, Singaporeanswered 1d ago
4

Ugh, £15k is a lot. I'm always suspicious when people I just met start talking about amazing investments, especially crypto. It just sounds too easy, you know? My cousin got burned by something similar, talking about 'guaranteed returns'. He never saw a penny again. Did you have any official paperwork or contracts? Probably not, right? That's usually a bad sign. I'd be really surprised if you get anything back, tbh. Did you check if the website itself has any red flags, like poor design or weird contact info? Might be useful for the report.

Olivia Pretorius · East London, South Africaanswered 1d ago
4

So sorry to hear this. It's a horrible situation to be in, and you're definitely not alone. These scammers are cold and calculating. The fact they asked for more money after you already paid fees is a massive red flag. Don't let them pressure you further, even if they make promises. Reporting to Action Fraud is the right move, and keep following up with them. Also, would it be worth contacting your bank about the transfers? Depending on how you sent the money, there might be some avenue, though crypto transactions are notoriously hard to reverse. Sending you strength.

Michael Meyer · Berlin, Germanyanswered 1d ago
5

Sounds like classic scam behaviour. Telegram is rife with these 'investment' groups that are just fronts. The Singapore 'advisor' angle is a common trope. I’d be very surprised if you get any of that £15k back, sorry to say. The fees are designed to keep you hooked. My advice? Cut your losses, stop all communication with them, and change your passwords for everything, especially if you used the same ones on that fake site. They steal your info too. Be super wary of anyone contacting you now offering to 'recover' your lost funds – that's another scam.

Noor Al Marri · Dubai, UAEanswered 0d ago
6

I'm in a similar boat. Lost my savings, not inheritance, but the feeling is identical. Met someone on an app, talked about crypto, looked legit... then bam. Fees. More fees. They promised me my money back plus profit if I just paid 'one last compliance fee'. I paid it. And still nothing. Action Fraud sent me a case number but no follow-up. It's been six months. I feel like such a fool every single day. I don't have any advice, just... solidarity. It's brutal.

Ryan Martinez · Portland, USAanswered 0d ago
7

This is distressing but sadly a well-trodden path. The fake crypto site, the 'friend' on Telegram, the escalating fees – they are all hallmarks of a 'pig butchering' scam. The people involved often operate in organised international rings. Reporting to Action Fraud is crucial, but for international scams, it's often very difficult to recover funds. The best preventative measure for others reading this: never send money or crypto based on the advice of someone you met online, no matter how friendly or convincing they seem. Verify *everything* independently. If they pressure you, it's a scam.

Jules Michel · Toulouse, Franceanswered 0d ago
4

Oh gosh, that's just awful. Please don't beat yourself up too much. It sounds like they manipulated you very skillfully. Trusting someone who seems like a friend is natural. You did the right thing by reporting it to Action Fraud. Keep chasing them up, and also consider contacting the Financial Conduct Authority (FCA) in the UK – even if they can't recover funds, they track these scams. It's also worth checking if the fake platform has a UK Companies House listing or similar regulatory registration; if it's fake, that's another piece of evidence. Don't send them any more money, no matter what they promise.

Charlotte White · Melbourne, Australiaanswered 0d ago
7

This sounds exactly like the BitForex impersonators that have been doing the rounds. They create convincing fake websites and use social media platforms like Telegram to rope people in. The 'Singapore advisor' is a classic persona. Sadly, getting your money back from these types of crypto scams is exceedingly rare. The funds are usually moved quickly through multiple wallets and mixers. Your best bet is to report it thoroughly, and warn others. Make sure you have screenshots of everything – conversations, the website, transaction IDs if possible. Forward these to Action Fraud.

Faisal Al Mansoori · Sharjah, UAEanswered 0d ago
6

Beware, OP. This is textbook. They build rapport, isolate you, then push you towards their fake platform. The 'fees' are just them taking more of your money. Do NOT send them another cent. It's a trap to get you to send more. Your inheritance is likely gone, I'm sorry to say. But please, please be careful of anyone who contacts you *now* promising to help you recover the money for an upfront fee. That's a secondary scam. Report it to Action Fraud and your bank, but don't expect miracles.

Jules Simon · Nantes, Franceanswered 0d ago
5

My heart goes out to you. It's a brutal lesson, and the emotional toll is huge. I fell for something similar a couple of years back – not crypto, but a fake investment scheme that promised the moon. Lost a significant chunk of my savings. The key takeaway for me was: never *ever* trust online 'friends' who push financial products. They are not your friends. They are predators. You did the right thing reporting it. Keep that record. Check if the fake website has a privacy policy or terms of service – sometimes they reveal details about the company or jurisdiction that can be passed to regulators like the SEC, even if it’s fake info.

Jason Hernandez · San Diego, USAanswered 0d ago
6

This is precisely why I tell my family, especially my parents, to stay away from any crypto investment pitched on social media or by people they dont know IRL. The 'friend' on Telegram, the Singapore advisor – it's all a constructed narrative to build false trust. The platform itself is fake, designed to show fabricated gains. The fees are designed to extort more money. Recovery is highly unlikely. The best thing you can do now is report it to Action Fraud and your bank. Keep all evidence you have. Maybe change your phone number if you think you're still being contacted.

Samantha Johnson · Los Angeles, USAanswered 0d ago
7

Oh no. Reading this made my stomach drop. I lost about £4,000 to a romance scam combined with an investment scam just last year. It started on Facebook. They made me feel so special, so understood. Then came the investment push. I saw the 'profits' and thought my struggles were over. Then they wanted 'withdrawal fees'. I told my husband, and he helped me see it was a scam. We reported it, but yeah, Action Fraud is slow. I'm still in debt from it. You are NOT stupid. They are liars and thieves. Take a break, breathe. Your feelings are valid.

Lina Bauer · Stuttgart, Germanyanswered 0d ago
7

This is unfortunately a very common scam variant. The named 'advisor' and the region (Singapore) are often used to lend false credibility. The platform itself is likely a shell. Reporting to Action Fraud is the correct first step. However, for significant international financial fraud like this, recovery is exceptionally difficult. What you should do *immediately* is check if the funds left your bank account via a standard transfer or transfer service. If so, file a dispute with your bank ASAP, providing all evidence of the scam. If it was pure crypto-to-crypto, the options are even more limited. Don't pay any further 'fees'.

Yi Chua · Singapore, Singaporeanswered 0d ago
6

This is precisely the modus operandi of many crypto investment scams originating from Southeast Asia, often involving platforms impersonating legitimate ones. The fake Telegram 'friend' and the Singapore-based 'advisor' are common elements used to build trust and create a sense of legitimacy. While reporting to Action Fraud is necessary, direct recovery of cryptocurrency assets is extremely challenging due to the decentralized and often anonymous nature of transactions. If the initial deposit was made via a bank transfer, your bank might be able to initiate a chargeback if you act very quickly and provide evidence.

Layla Iqbal · Al Ain, UAEanswered 0d ago
4

Ugh, I'm so sorry. This sounds exactly like the stuff I see warnings about all the time. People met online, fake investment platforms, crypto... it's a trifecta for scams. The fake growth and then the 'fees' is such a classic move. Did you check the website's domain registration? Sometimes you can find out how recently it was set up or where it's registered, which can be a clue for the authorities. Try to keep all those conversations and website screenshots. It's a long shot, but evidence is key if regulators ever get involved.

Ling Lim · Singapore, Singaporeanswered 0d ago
8

Oh mate, that's brutal. Lost a few grand myself to a 'forex signal group' on Discord a while back. Same story – seemed legit, made money, then suddenly needed like £1k for 'verification fees'. Never saw it again. Action Fraud is good to report to, sure, but don't hold your breath for the money back. The key thing now is to stop talking to them, block them, and *never* send any more money, whatever sob story they spin. Also, check if your bank has any fraud protection that might cover this, though crypto is often a grey area.

Grace Williams · Brisbane, Australiaanswered 0d ago
6

This is a classic advance-fee scam wrapped in a crypto phishing attempt. Telegram and other messaging apps are unfortunately rife with these actors. They build trust slowly, then present a seemingly legitimate, but fake, investment platform. The 'fees' are designed to extract more money before you realize it's gone.

Sadly, recovering funds lost this way is exceedingly difficult. The entities you reported to are the right ones, but their resources are stretched thin. Keep copies of all communications, transaction records, and website details. Sometimes, if the platform is still active and identifiable, law enforcement *might* be able to freeze some assets, but don't count on it.

For future reference, any investment platform that isn't registered with a reputable financial regulator like the SEC (in the US), the FCA in the UK, or ASIC in Australia, should be avoided like the plague. Treat unsolicited investment advice from 'friends' on social media with extreme suspicion.

Andrew Hernandez · Boston, USAanswered 0d ago
5

Oh mate, I feel you on this. I lost a good chunk, not inheritance, but savings from years of hard graft, to a similar thing about 18 months ago. Met a 'trader' on WhatsApp, all friendly, talked about his family, showed me 'proof' of his amazing returns on some platform called 'GlobalFXPro' (sound familiar?).

I ended up putting in about £8k. Same story – initially 'growing,' then 'fees' for withdrawal. They wanted a 'liquidity bond' next. I even took out a small loan by then, thinking I was so close to getting my money out. Ended up losing the lot, plus the loan. It's a special kind of hell when you realise you've been completely duped by someone you thought was a mate. Didn't report it, felt too ashamed, tbh. Just wanted to tell you you're not alone in this.

William Jones · Newcastle, Australiaanswered 0d ago
4

I'm so sorry this happened. The Telegram/fake crypto scam is sadly very common right now. They prey on trust and the desire for quick returns. The fact they asked for 'tax' and 'compliance' fees is a huge red flag. Legitimate investments don't get 'stuck' needing extra payments like that.

My advice? Stop all communication with them. Do not send them another penny, no matter what promises they make or threats they issue. They will keep inventing fees.

Regarding getting the money back, it's unlikely. But please, please, *please* ensure your bank details, passwords, and any other personal information are secure. They likely have a lot of your data now. Change passwords, enable two-factor authentication everywhere you can. Be vigilant about future phishing attempts.

Sophie Walker · Cardiff, United Kingdomanswered 0d ago
5

This scenario is distressingly familiar. The progression from social contact to fake cryptocurrency platform, culminating in demands for bogus fees, is a well-trodden path for these criminal networks. These platforms are sophisticated facades, designed to mimic real trading interfaces but entirely controlled by the scammers.

As has been mentioned, recovery is challenging, bordering on improbable once the funds have been wired or transferred to unregulated accounts. Your primary recourse is through law enforcement and financial crime reporting agencies, like Action Fraud. However, given the cross-border nature (Singapore was mentioned), it complicates matters immensely.

One crucial point: If you paid using a credit card, even part of it, you may have a chance for chargeback under Section 75 of the Consumer Credit Act in the UK, depending on the card issuer and transaction type. It's a long shot, but worth investigating with your credit card provider. Otherwise, focus on securing your digital life as advised.

Jules Bernard · Lyon, Franceanswered 0d ago
4

The modus operandi you've described is textbook for crypto investment scams originating from untrusted messaging platforms. The 'friendship' phase is crucial for them to build the necessary trust before introducing the fraudulent scheme. The fake platform displaying 'growth' is a common tactic to lull victims into a false sense of security and encourage further deposits.

When withdrawal is requested, they shift to demanding 'fees' – taxes, administrative costs, verification charges – each designed to extract more capital. The mention of Singapore is often used to lend an air of legitimacy, as it's a major financial hub, but these operations are almost always run from jurisdictions with lax enforcement.

Reporting to Action Fraud is correct. Keep all evidence meticulously. Did you receive any documentation, however official-looking, from the 'platform' or the 'advisor'? Even fake documents can be useful. The key is to understand that *no* legitimate financial institution operates this way. Never trust communications about unexpected fees or taxes for withdrawals from any platform you haven't thoroughly vetted yourself.

Louis Martin · Nice, Franceanswered 0d ago
4

Oh honey, my heart goes out to you. It's absolutely devastating to lose money like that, especially when it's inheritance. Please don't call yourself stupid – these scammers are incredibly manipulative and target people's good nature and trust. They are the ones who are truly wicked.

You've done the right thing by reporting it to Action Fraud. It's slow, I know, but these reports help them build patterns and potentially catch these criminals.

Maybe focus on self-care for a bit? Grieve the loss – it's a huge thing. Lean on any real friends or family you have, even if it feels embarrassing to talk about. Just talking about it can help. Sending you a big hug.

Lerato Coetzee · Cape Town, South Africaanswered 0d ago
3

This is just awful. Exactly the same thing happened to me, but with slightly less money, maybe £9,000. Met this guy on Discord, sounded really knowledgeable about Bitcoin. He pointed me to a site called 'CoinMaxiTrade' or something. Looked slick, had graphs, looked like the real deal.

He told me to deposit, said it was a special limited-time opportunity. I did. Saw the balance go up, like you said. Then when I wanted to cash out £2,000 just to see, bam! 'Withdrawal fee,' then 'anti-money laundering verification fee.' Paid both. Then they wanted a 'capital gains tax payment' before I could touch anything. That’s when I realised. It was a total scam. Reported it, but yeah, silence.

Oliver Taylor · Darwin, Australiaanswered 0d ago
4

Ugh, this is the worst feeling. I've seen so many friends lose money to these crypto scams, especially ones that start on Telegram or WhatsApp. It’s the personal connection they build that makes it so effective and painful.

One thing to absolutely watch out for: if they start demanding *more* money to release *your* money, it's a scam. Always. Legitimate platforms and brokers don't operate like that. They might have standard fees, yes, but not these arbitrary 'taxes' and 'compliance' charges that keep escalating.

Keep pushing Action Fraud. Sometimes if there's a pattern, they can get traction. Also, check if the 'platform' had any mention of being regulated by a financial authority. If they claim to be regulated by, say, BaFin or MAS, you can check the official registry of that authority. If the platform isn't listed, it's a definite scam.

Ava Wilson · Perth, Australiaanswered 0d ago
5

Oh no, this is heartbreaking. Losing your inheritance is just devastating, and to a scammer who posed as a friend is doubly cruel. I've heard variations of this story too many times. They are masters of deception.

Reported to Action Fraud is the correct step. Also, if you paid via a UK bank transfer, you can contact your bank and ask about the 'Contingent Reimbursement Method' (CRM) scheme. It's not guaranteed, but banks have a voluntary scheme to refund victims of authorised push payment (APP) fraud in certain circumstances. It's worth asking them about it. Don't give up hope entirely, but manage your expectations. Be very careful about who you trust online from now on.

Grace Wood · London, United Kingdomanswered 0d ago
4

God, that's rough. I totally feel your pain. I got caught out about a year ago with a fake forex trading platform someone recommended on Reddit. Lost about €7,000. It looked so real, legit charts and everything. Then they wanted verification fees, then withdrawal fees, then tax... it never ended.

It's a nightmare, and the feeling of helplessness is the worst. Just wanted to say keep your chin up as much as possible. You're not alone in this mess. Let's hope the authorities catch these creeps.

Sean Byrne · Limerick, Irelandanswered 0d ago
5

This is precisely why I stick to established, regulated exchanges and avoid DMs about 'investment opportunities'. The fake crypto site scam is rampant, especially when individuals are pre-disposed to trust someone they've 'befriended' online. The 'inheritance' angle makes it even more predatory.

Here's a hard truth: recovering these funds is highly unlikely. The money disappears into layers of untraceable transactions, often crypto mixers, very quickly. The Singapore mention is likely a red herring; these operations are rarely run from reputable financial centres. They're likely operating out of a country with minimal cooperation with UK law enforcement.

What you *can* do is learn from this. Future 'opportunities' that promise guaranteed high returns, require upfront fees for withdrawal, or come from unsolicited contacts, should be treated with extreme skepticism. If it sounds too good to be true, it is.

Logan Fortin · Quebec City, Canadaanswered 0d ago
3

Hmm, Telegram 'friends' pushing crypto platforms. Sounds like a scam, tbh. Did you check if this 'platform' is even registered with a financial authority like BaFin or MAS? If it's not on their public registers, it's a massive red flag. They probably just made a fake website.

I've seen this happen to my cousin. He lost about £5k. He thought he was being smart. He's still gutted. They wanted him to pay 'withdrawal fees' too. He refused and they just locked his account. At least you didn't pay more fees.

Ibrahim Al Suwaidi · Sharjah, UAEanswered 0d ago
4

This is soul-crushing. I went through something similar a couple of years back. Lost about $10,000 Australian dollars to a fake forex platform. Met the scammer on Facebook, funny how they find you anywhere. He was so convincing, talking about financial freedom, showing fake bank statements.

I put in money from my redundancy package. Saw it 'grow.' Then the withdrawal issues started. They wanted a 'tax clearance certificate' fee. Then an 'international transfer fee.' Kept asking for more. Finally, I realised it was a scam. Reported it, but honestly, felt too ashamed to even tell my wife at first. Just remember, you're not alone, and it speaks volumes about their deceit, not your judgment.

William Walker · Melbourne, Australiaanswered 0d ago
5

OP, I am so sorry. This is a brutal scam. They are very good at making fake sites look real. The fake 'friend' on Telegram is the biggest clue. Real friends don't usually try to get you into high-risk investments you don't understand, especially with inheritance money.

My warning is this: Never, ever pay additional fees to withdraw money. This is the final nail in the coffin for identifying these as scams. Legitimate services deduct fees from your earnings or balance, they don't ask you to send *more* money to get *your* money out. It's a trap designed to extract every last penny. Stop communication immediately. Do not engage further.

Emma Bergeron · Halifax, Canadaanswered 0d ago
4

Oh goodness, what a horrible situation. Please be kind to yourself through this. It’s so easy to feel foolish, but these people are professional con artists. They build relationships specifically to exploit trust. And inheritance money – that's just adding insult to injury.

Have you tried contacting your bank to see if any of the transactions were made via services that offer some protection? For example, if any went through a platform like PayPal Goods & Services, or directly via a credit card, there might be a pathway. It's a long shot, especially with crypto, but it's worth asking them. Sending strength.

Alice Laurent · Nice, Franceanswered 0d ago
3

Look, they *always* ask for more money. 'Tax,' 'fees,' 'compliance.' It's a joke. Did you even verify the website? Did you check if it was run by a known entity like a regulated exchange, or was it some random .xyz or .io domain? NGL, if it was a random site pitched by a Telegram 'friend,' it was almost certainly a scam from the get-go.

Hope you didn't send them passport scans or anything for 'verification.' That's just handing over your identity too. You reported it, good. Now block them and move on. Trying to recover money from these types is like chasing smoke.

Tyler Martinez · San Antonio, USAanswered 0d ago
3

I read your post with a heavy heart. This sort of thing is happening far too often. I myself lost £10,000 last year to what I thought was a legitimate investment group on Discord. They touted a platform called 'TradeFlow Global' – sounded professional, had charts, the works. They kept telling me I needed to pay a 'capital gains tax' before withdrawal, which they claimed was just a formality. I paid it. My spouse warned me, but I was too deep in. Then they asked for a 'compliance fee.' That’s when I knew. The regret is immense.

Khalid Al Maktoum · Sharjah, UAEanswered 0d ago
4

Oh, I'm so sorry to hear this. It’s truly awful when trust is broken like that, especially with something as significant as an inheritance. These crypto scams, preying on people through social media platforms like Telegram, are incredibly common and devastating.

It’s good that you reported it to Action Fraud. Keep all your records safe – screenshots, conversation logs, transaction details. Even though recovery is very difficult, these agencies rely on these reports to build cases.

Remember, scams like this often target people who have recently received a windfall, like an inheritance, or those perceived as vulnerable. They exploit emotions like greed (for returns) and fear (of losing money, hence paying more fees). It’s not your fault; you were manipulated. Take care of yourself.

Lerato du Plessis · Port Elizabeth, South Africaanswered 0d ago
5

This is exactly the kind of scam that regulators like the Monetary Authority of Singapore (MAS) warn about constantly. They have public lists of unregulated entities and investor warnings. The fact your 'friend' mentioned Singapore and the platform *looked* legit is part of the sophisticated deception. Scammers often impersonate reputable locations or firms.

Always, always cross-reference any financial platform mentioned to you with the official regulator's website in that jurisdiction. If a platform claims to be regulated by MAS, check the MAS website for a registry. If they aren't listed, or if they are listed as having been warned against, it's definitive proof of a scam. Don't trust what the scammer tells you; verify independently through official channels only.

Hannah Ong · Singapore, Singaporeanswered 0d ago
6

Oh man, that's rough. Telegram is a total minefield for this stuff. They really prey on trust and the idea of quick wins. The 'fees' you had to pay? Classic scam move. They trap you with more and more until you have nothing left.

Look, getting the exact £15k back is gonna be a long shot, I won't lie. But don't just stop at Action Fraud. Did you pay them using a bank transfer or a credit card? If it was a credit card, you might have some recourse through your card provider. They have chargeback mechanisms for fraud like this. If it was a direct bank transfer, it’s tougher, but still worth checking with your bank about their fraud department, even if they say it's unlikely. Sometimes they have procedures for tracing transfers to fraudulent entities. Also, search for any official regulatory body in Singapore or wherever this 'advisor' claimed to be based. If they were truly regulated, you could file a complaint there, though a fake site likely means no real regulator.

One thing to always remember is if something sounds too good to be true, it almost always is. And any platform asking for 'fees' to 'release' your 'winnings' or 'capital' is a massive red flag.

Mason Smith · Vancouver, Canadaanswered 0d ago
4

I am so incredibly sorry you're going through this. It sounds absolutely devastating, and please, please don't beat yourself up about it. These scammers are *experts* at manipulation. They build trust, isolate you, and then exploit your hopes. It's not your fault you fell for it, it's theirs for being awful people.

£15,000 is a huge amount, and the emotional toll must be immense. You've done the right thing by reporting it to Action Fraud. It's slow, I know, but keeping that record is important.

Have you tried reaching out to any local victim support charities? They might not be able to get money back directly, but they can offer emotional and practical support, which you clearly need right now. Sometimes just talking through it with someone who understands can help. And maybe check out some online forums dedicated to scam recovery – people share similar experiences and helpful tips there.

Christopher Brown · Phoenix, USAanswered 0d ago
3

Ugh, another telegram crypto scam. Shocker. Everyone keeps falling for these fake shiny websites. Was there any kind of actual company name for this platform? Like, was it called 'MegaCoinProfits' or something equally cheesy? Most of these are just fronts, and the money just vanishes. Did you actually 'see' the money on the site, or did he maybe send you screenshots that looked like it grew?

Reporting to Action Fraud is a start, but honestly, unless you traced the money to a very specific, traceable account within the UK that they can freeze, your chances of seeing that inheritance again are slim to none. These operations are usually offshore or use crypto mixers.

What about this 'investment advisor' in Singapore? Did you ever talk to them directly, or was it always through your 'friend' on Telegram? Because if it was always through the Telegram guy, surprise surprise, they were probably the same person or working together. I'd be very skeptical about anything you read on that crypto platform; it's all fake data. Seriously, next time, if someone you barely know on an app is pushing you into a 'secret' investment, just block them.

Milan van Dijk · Rotterdam, Netherlandsanswered 0d ago

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