The French Youtuber behind the Crypto Gouv channel flew away with the handsome sum of 4 million euros. He has indeed scammed nearly 300 subscribers. The victims set out to find the true identity of the thief and an investigation was opened by the Paris prosecutor’s office.
Last July, the Paris prosecutor’s office opened an investigation into the Crypto Gov YouTube channel. Indeed, around forty complaints have been filed against the Youtuber whose identity is still unknown. He managed to create a community of 4,000 subscribers around topics related to cryptocurrencies and Web3. On private Discord and Telegram groups, the thief gave investment advice and market analysis to his followers for free.
The Crypto Gouv affair is ringing the alarm: it is now vital to be careful before investing your savings in cryptocurrency. The scams multiply to the point of mobilizing even the FBI. According to the report of the United States Federal Trade Commission (FTC) published last June, social media scams have brought in up to 700 million euros. It is also reminiscent of the scammers who managed to attract a large number of Internet users with a digital currency called “SQUID”, inspired by the reference series Squid Game. The people behind this scam managed to take the price of this currency from 0 to around 2,800 dollars, before seeing it collapse on November 1 to fall back to zero.
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Crypto Gouv: the French youtuber vanished
The Youtube channel “ Crypto Gov“, which initially gave explanations relating to the world of blockchain and crypto, is at the heart of a big controversy. After having succeeded in creating a relationship of trust with his subscribers, the Youtubeur, whose identity is still unknown, would have flown away with 4 million euros. The money would have been stolen from his subscribers, to whom he promised mountains and wonders with fairly substantial returns of up to +100% of their investment. The sums made available to him would range from a few hundred euros several tens of thousands of euros, according to Jérémy Asta-Vola, the plaintiffs’ lawyer. One of the victims admits having lost 25,000 euros.
The victims gathered and the Paris prosecutor’s office opened an investigation for fraud. According to Jérémy Asta-Vola, these cases of scams are only increasing: “There is a mass audience that is interested in these practices. Necessarily,some malicious people see it as an opportunity . This type of scam is on the increase. »
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Crypto Gouv: when scam rhymes with nerve
On July 9, the famous Crypto Gouv channel published a final video where the man openly explained the schemes he set up to escape with his subscribers’ savings. He even had the nerve to mention the penalty incurred for this type of scam.
On the Youtube channel of Token Detectivesvictims took the floor to express their frustration: “I felt like all the ideas he had came from us. In fact, it’s as if we were pushing him. We told him: But come on, do this, do that, we trust you. » Encouragement that they must have bitterly regretted.
It is important to note that it is crucial to exercise great caution on social networks. Sometimes, fake accounts modeled on well-known influencers in the crypto world will have the good idea to add you on Instagram and talk to you in a private message to offer you substantial returns on investment. It is also important to keep in mind that your cryptocurrencies no longer belong to you once they leave your wallet and that 100% returns are impossible to achieve.
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