Cryptocurrency fraud is increasingly carried out via digital advertisements in apps and social networks. A recent case from Heidelberg shows how quickly a seemingly harmless entry point can lead to significant financial loss. A 64-year-old man lost more than €40,000 to a cryptocurrency scam.
A disastrous app ad serves as an entry point into fraud.
As early as June 2025, the man came across an advertisement within a mobile app promoting profitable investments in cryptocurrencies. The advertisement gave the impression of a legitimate investment opportunity and piqued the interest of the eventual victim. After contacting the alleged provider, he initially made a three-figure investment.
Such low entry amounts are typical of fraudulent cryptocurrency schemes. They serve to lower inhibitions and build trust in the platform or provider.
Alleged financial advisor promises high returns
According to police, a man claiming to be a financial advisor then contacted him by phone. This advisor promised high returns and gave the impression of providing professional service. The communication became increasingly personal and targeted. The perpetrator deliberately exploited the investor's trust to persuade him to make further investments.
Subsequently, the 64-year-old was persuaded to take out two bank loans. He also invested the borrowed money in the alleged cryptocurrency investment. The transfers were made to an account in Malta, a typical characteristic of internationally organized fraud schemes.
No payout of the alleged winnings
After investing considerable sums, the man discovered that he had not received any payout of the supposedly earned profits. Despite repeated inquiries, the promised money never arrived. At this point, it became clear that this was not a legitimate investment, but a scam.
When the victim filed a police report, the damage amounted to over €40,000. The Heidelberg-South police station has opened an investigation into commercial investment fraud.
Classification of the case in the context of modern crypto fraud models
The case from Heidelberg is one of a growing number of similar fraud offenses. Characteristic features include initial contact via digital advertisements, subsequent personal contact by alleged advisors, and a gradual increase in the invested amounts. International bank accounts are frequently used to conceal payment flows.
Such cases demonstrate that crypto fraud is by no means limited to those with limited technical expertise. The professionally designed advertisements and targeted personal approaches convey an air of legitimacy and make early detection more difficult.
Why early classification is crucial in cases of crypto fraud
This case highlights the importance of raising awareness about typical fraud schemes related to cryptocurrencies. In particular, unrealistic promises of returns, investment advice offered over the phone without verifiable regulation, and international money transfers should be considered warning signs.
RU Law assists victims of crypto fraud with the legal classification and enforcement of their claims. The law firm specializes in cases of investment fraud related to cryptocurrencies.
