• Calculated Amount Lost: $2,300
• Scam URL: cash.app (Impersonation)
• Scam Address: bc1qsw66mpne77swdhgcv30ckndum4mur0qfxh0676 (Bitcoin Address)

Victim Description:

The victim was approached on social media by a scammer impersonating a legitimate cryptocurrency investment service. The scammer gained the victim’s trust by presenting a fraudulent opportunity to multiply their money through Bitcoin investments. The victim transferred approximately $2,300 USD via the real CashApp platform to the scammer, who then instructed them to send Bitcoin to the provided wallet address, bc1qsw66mpne77swdhgcv30ckndum4mur0qfxh0676.

Despite assurances of high returns, the funds became irrecoverable, and no returns or communications followed after the payment.

Scam Tactics:

• Social Media Connection:
  The scammer reached out to the victim through social media, presenting a fake but convincing investment opportunity.
• Impersonation of a Trusted Platform:
  The scammer used the credibility of the CashApp platform to make the scam appear legitimate.
• False Promises of High Returns:
  Unrealistic claims of doubling or tripling the investment attracted the victim.
• Cryptocurrency Wallet Use:
  After transferring funds on CashApp, the victim was directed to send Bitcoin to the scammer’s address, ensuring anonymity for the scammer.

Cryptocurrency Address Involved:

Bitcoin Address: bc1qsw66mpne77swdhgcv30ckndum4mur0qfxh0676
Tracking this Bitcoin address may help uncover additional victims or fraudulent activities linked to the same scam.

Conclusion

The victim lost approximately $2,300 USD after falling prey to a cryptocurrency investment scam facilitated through CashApp and a Bitcoin transfer to the address bc1qsw66mpne77swdhgcv30ckndum4mur0qfxh0676. This incident underscores the importance of verifying investment opportunities and avoiding unsolicited financial advice from unknown sources. The victim should report the incident to CashApp, relevant authorities, and blockchain analysis services to investigate further and potentially prevent future scams.