Kenyan businessman just lost $800K in stablecoins to a classic crypto scam
Scammer brought in a "British expert" to sell the dream of seamless currency conversions via stablecoins. Victim trusted the setup, funds vanished.
This is why you never:
- Trust random "crypto experts" introduced by third parties
- Move large sums without verifying custody/multisig
- Skip due diligence on cross-border crypto deals
Stablecoins aren't the problem. Trusting strangers with your keys is.
Stay paranoid. Verify everything.
Scammer brought in a "British expert" to sell the dream of seamless currency conversions via stablecoins. Victim trusted the setup, funds vanished.
This is why you never:
- Trust random "crypto experts" introduced by third parties
- Move large sums without verifying custody/multisig
- Skip due diligence on cross-border crypto deals
Stablecoins aren't the problem. Trusting strangers with your keys is.
Stay paranoid. Verify everything.