A Russian man decided to sell more than $1 million in Tether (USDT) but became a victim to fraudsters

​Moscow crypto trader was robbed of $1 million

16.12.2021 - 10:35


1 min

What’s new? On December 14, a 29-year-old citizen of the Russian Federation reported the theft of $1 million to the police. The victim was planning to conduct a major transaction with the American stablecoin USDT, but he was robbed, RIA Novosti reports.

The RIA Novosti material

What are the details of the case? According to the victim, he has been involved in crypto trading for several years. In October, he decided to sell a batch of USDT stablecoins worth just over $1 million. The man met with a buyer he already knew in one of the offices in Moscow, where he transferred the tokens in exchange for cash.

Immediately after the transaction, two unidentified men broke into the office and took a bag containing the money. The victim tried to stop the robbers but was threatened with weapons.

The attackers fled, along with the person who brought the bag of money. The trader waited for two months, but the money was never returned, after which he went to the police. The employees of the Ministry of the Interior are already investigating the case.


Vasiliy Smirnov Vasiliy Smirnov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy