A shocking case of Bitcoin stolen through a scam has rocked the Chinese BTC community.
A software engineer in Chengdu lost 6 BTC to a criminal scam gang using a honeypot scheme.
The gang posed as a female trader and lured the victim with promises of sexual favors, then extorted him using fabricated threats in a crypto sextortion plot.
Police are investigating the case and warning crypto users about similar scams targeting holders.