ScamCrypto Forum Forums Scam Reports and Alerts Lost $123,933 in a Complex Cryptocurrency Scam

  • This topic is empty.
  • Creator
  • #409 Reply

      I want to share my experience of falling victim to a sophisticated cryptocurrency scam. This ordeal involves several individuals and a series of deceptive websites.

      In July 2023, I was befriended by Wang Yuyan, living in San Diego, USA, through Yuyan introduced me to the world of WEB3.0 and guided me through setting up accounts on and Metamask, eventually linking to a site called Initially, the site was, and it changed multiple times before settling on The website, claiming to offer lucrative daily interest payments, is part of a larger scam network.

      Working with Yuyan were two individuals from Hong Kong, OU SHUAI and ZHONG WENHUI, residing at 2405 Nathan Road, Hsin Shing Building, Yau Tsim Mong District, Hong Kong. I was convinced to participate in their scheme by making wire transfers to these individuals on various occasions. The total loss amounted to $123,933 USD, including $32,893 taken from my Metamask account linked to

      I was lured into the scam by the promise of high returns on Ethereum (ETH) investments. My account showed a fake balance of $532,799.48, but when I tried to withdraw, they demanded a $26,100 miner’s fee. After paying this, they requested an additional $20,000 to supposedly restore blockchain liquidity.

      Despite my compliance, the customer support ceased communication, and Wang Yuyan blocked me, disappearing altogether. The scam syndicate operates globally, and the website is still active, possibly scamming others.

      I urge everyone to be vigilant and cautious with online investments, especially in the decentralized finance space. Scammers are becoming increasingly sophisticated, making it difficult to distinguish legitimate opportunities from fraudulent ones.

    Reply To: Lost $123,933 in a Complex Cryptocurrency Scam
    Your information:

    Scroll to Top