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I met a trader using the name Bruce Wells or Cryptowithbruce online. He showed me influencer promotions, spoke with me by phone and video, and built enough trust that I gave him €20,000 to manage.
When I wanted to cash out, I was told to pay a release fee. I borrowed money to pay it, but instead of receiving my funds, I was told my profits had increased and that the release fee had increased too. After borrowing and paying again, I was still unable to recover the money.
I estimate the overall loss at about €30,000. Do not rely on influencer endorsements, calls, or video chats as proof that a trading contact is legitimate. I later learned one promoter had been paid for the endorsement.
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