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A 70-year-old elderly resident in Shanghai, China narrowly escaped a fraud attempt by a “Bitcoin investment mentor,” losing 100,000 yuan was avoided

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ME News, May 20 (UTC+8), according to Xinmin Evening News, an elderly man over 70 years old in Chongming, Shanghai, China recently believed in the high returns of Bitcoin investment promoted by an online "investment mentor" and went to the bank twice to withdraw 100k yuan in cash for transfer, but was successfully dissuaded through the joint efforts of police and bank. Police remind that fraudulent investment scams targeting the elderly, such as "Bitcoin investment" and "pension wealth management," are rampant. Scammers often pose as "financial experts" on short video platforms, using fake profit screenshots and phrases like "low investment, high returns, guaranteed profits" to induce transfers. For large fund operations, one should first verify with family and promptly report to the police. (Source: BlockBeats)
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