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A 70-year-old elderly man in Shanghai, China narrowly escaped being scammed out of 100k yuan by a "Bitcoin investment mentor".

MeNews
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Abstract generation in progress
ME News, May 20 (UTC+8), according to Xinmin Evening News, a man in his 70s in Chongming, Shanghai, China, recently fell for online "investment mentors" promoting high returns from Bitcoin investments. He went to the bank twice to withdraw 100k yuan in cash for transfer but was ultimately persuaded to stop through a joint police-bank effort. Police remind the public that frauds targeting the elderly, such as "Bitcoin investment" and "pension wealth management," are on the rise. Scammers often pose as "investment experts" on short video platforms, luring victims with fake profit screenshots and phrases like "low investment, high return, guaranteed profit." For large fund transfers, individuals should first verify with family members and immediately report to the police. (Source: BlockBeats)
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