Brazilian Authorities Intervene to Prevent Bitcoin Fraud Caught on Tape

Michael LaVere
  • Brazilian cryptocurrency trader Diego Aguiar documented his interaction with an alleged bitcoin scam artist.
  • Aguiar captures authorities immobilizing and arresting the scam artist following a fraudulent transaction. 

A Brazilian cryptocurrency trader documented an attempted bitcoin scam during which police intervened. 

According to a series of Instagram videos published by Diego Aguiar, the scam occurred at the Iguatemi shopping mall in São Paulo, Brazil. Aguiar claimed to have been involved in a transaction with an alleged scammer, Marcelo Negão, who attempted to send him fake bitcoin.

He said, 

I just took a bitcoin scam, the guy managed to hack my bitcoin wallet. He sent me a fake bitcoin, I never saw it.

Aguiar reportedly lost RS $64,000 ($12,358) from the fraudulent transaction. However, he was able to alert authorities in the aftermath of the scam and captured on video police immobilizing and detaining the perpetrator, before putting the man in handcuffs.

The cryptocurrency trader warned his followers to be careful when conducting physical bitcoin transactions, 

When making a bitcoin transaction, be careful. I did it in a public place and even then the guy tried to rob me. Pay close attention to who you do business with.

Aguiar describes himself as a “high-risk” businessman and publishes Instagram videos documenting his travels. 

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