A fraudulent investment scheme has been identified, connected to a fake Facebook investment group. Victims were deceived into sending a total of 0.00763 BTC (approximately $450 USD) and 0.0008869 BTC (about $50 USD) to the Bitcoin address 114t8CWbEM41y1mB7DyXcBEDukkToCLyvH under the false promise of high returns. The scammers used Facebook to lure victims with fake investment opportunities, ultimately stealing their funds.

Bitcoin Address: 114t8CWbEM41y1mB7DyXcBEDukkToCLyvH
Amount Lost: 0.00763 BTC (Approx. $450 USD) and 0.0008869 BTC ($50 USD)

Scam Method:

The scam began with a fraudulent Facebook group promoting high-return investment opportunities. Scammers posed as legitimate investors, enticing victims with promises of quick and substantial profits. After gaining the victim’s trust, they were instructed to send Bitcoin to the address 114t8CWbEM41y1mB7DyXcBEDukkToCLyvH.

Once the funds were sent, all communication with the scammers ceased, and the promised returns were never delivered. Victims were left with no way to recover their funds.

Breakdown of Losses:

1. 0.00763 BTC (Approx. $450 USD)
2. 0.0008869 BTC (Approx. $50 USD)

Conclusion:

The Bitcoin address 114t8CWbEM41y1mB7DyXcBEDukkToCLyvH is linked to a fake Facebook investment group that preys on unsuspecting users. Victims were scammed out of 0.00763 BTC and 0.0008869 BTC, totaling around $500 USD. Always be cautious when approached with investment opportunities on social media, and avoid sending funds to unknown addresses. Report any suspicious activity to the appropriate authorities immediately.