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First of all I would like to thank everyone for your replies to my post, they have been very helpful. Also I would like to go over the situation again in hopes that it will clarify exactly what has occurred. So I actually contacted Sofia on Instagram after seeing her post about Bitcoin investing and the profits that we could get back from her trading for us doing the mining process. I actually communicated with her prior to me investing. I had spoke and texted with her on several occasions over the course of maybe three or four months so I actually did not jump right into it after just seeing her post. She was very knowledgeable and seemed to know what she was doing and what she was talking about, that's why I decided to invest with her. So initially I used $500 USD to purchase Bitcoin, then I sent the Bitcoin to a wallet address for my investment. After 7 days of trading on my a account I was told I have a profit of $7,500 and for that to be sent to me I had to pay a withdrawal fee and the withdrawal fee is $1,000. So therefore for me to receive $7,500 pay $1,000 yes it's a lot yes it sort of sounds like a scam but I'm thinking okay I'm going to get $7,500 is still you know $6,500 profit so I sent it the very same way I sent the $500 I used USD to purchase 1000 worth of Bitcoin and sent it to the wallet address that she provided to me. Once she received that thousand dollar payment I was told again my payment had been sent and it would take five business days to reflect into my account. The five business days were almost up when I was messaged from her stating that the payment bounced back because I needed to have a Crypto receiving allowance in my account. I have not sent this "Crypto receiving allowance fee". Sophia is telling me once they receive the Crypto allowance fee my profit of 7500 will be released immediately and that the crypto allowance fee stays in my account for a minimum of 6 months and through the six months they will continuously trade on the account. After 6 months I can withdraw the total profits from the account. That is where we are now. Thanks

Did you mean $1000 is the withdrawal fees for $500?
This is no way that any legit service will ask that. This is a scam and it looks like you have already lost $500 if I read it correct.

How much you have in your coinbase account?

YOu should make  the explanation clear,but the way i see it?this is a total scam mate,because asking another fee just to receive your profit?

Don't ask for more this is clearly scamming mate.

Sorry for your loss but mark that site as scammer,and mind telling us what Site is this so we may check their background and what is their main objective in crypto space.

and also like the question above?is this amounts all in Dollars?or your local currency?

Is the 13 on the end of your name your age?
Or IQ?

Yeah, profits in just 7 days, no need to even hear the whole story to know it's a scam.
Somebody(?!)! told you you will get profit in 7 days, he showed you some magical figures on a  spreadsheet and now in order to get that imaginary profit you have to send more money? Of course is a scam.

So you sent 500 as an investment.
Then another 1000 as fees.
Then they ask you for another 1000, which fortunately enough you didn't send.
Everybody here can say with certainty that even if you would send them more money they will ask you for more and you won't see a cent, there is no such thing as crypto receiving allowance to get BTC, it's just a lie.

DON'T SEND MORE MONEY!!!
Unfortunately, there is almost nothing people can do to help you in this case, but as I said above, you can help others to not get scammed by telling us how you come in contact with the scammers and what website they used to lure you in.
Please add the details on how this "investor" contacted you or what website did it use and moved it to scam accusation (https://bitcointalk.org/index.php?board=83.0)!
Don't forget to add the details like here (https://bitcointalk.org/index.php?topic=260073.0), it will help others to stay away from it.

LE: merged the two posts.

Sorry for your loss.

Please show us the link that you used to be scammed.

We can post that it is a scam. Warning others not to be taken.

It was through Instagram  @forex_trader_sophia_. Claming to trade under legitcyptomarketfx.

If someone asks you to send money and promises that you'll get more money in return, it's definitely a scam. I don't understand what you mean about withdrawal fees, but this situation looks shady in any case. And if you're sending money and then you're asked to send even more money, it's definitely scammers trying to push more money out of you. I'm sorry if you sent 500 BTC to scammers (damn, that's more money than I'll ever see), but don't send them any more, at least... Coinbase is a reputable service that, while might possess too much information and have power to affect your funds, is not going to scam you like that. But be careful who you're dealing with.

In my understanding it was clear a scam.You need to send a higher amount again just to receive your profit which i think you already lost if you send $1000. Scammers are really just around,so be careful when you invest and don't trust someone easily that you really don't know yet.

Can't describe your action with words mate, though your story is vague, you didn't even say what currency did you use, what's 500? what's 1000? you should have stated this clearly. Anyways I get it from point A to B, basic scam, you fell to a basic scam. Let's say this man just approached you in telegram since you did not tell who is this guy or where he first get in touched with you, you don't have to entertain him if you don't approach him first, you did not wonder where on earth he came from to reach at you?

I won't believe on this story unless being attached with proof, even the receipt for sending (?)500

Of course, what company adds "legit" in its name?

So, since it's the usual Instagram girl fake expert investor profile, I guess this is your story, seen it tens of times before:
https://bitcointalk.org/index.php?topic=5194119.0
https://bitcointalk.org/index.php?topic=5187125.0

Bottom line
- report the profile, maybe Instagram will shut it down
- you should thank god you stopped sending money
- learn to not trust strangers that approach you on Twitter, Instagram, or Facebook or anything like it.
- additional you might want to file a report with your national cybercrime division or whatever their name is in your country

It looks like a scam, and the scheme is very similar to the recent Twitter hack. Why did you not buy Bitcoin directly from any exchange? Never believe those who advertise 1000% profit in a few days.

It's obvious that the person who's OP invested his money is
scamming him for asking
another payment to get your share profits is not for real.
It's your money if you really invested to real types of investment


It's a must to do research before you handover your money in
any investment that there's money involves.
Because even your relatives or close friends can still runaway
with your money / scam you.

I receive daily investment messages and the content of the message is usually investment and interest, and make sure that 100% is a scam, your case is the same, so the money you invested has been lost, there is no 1000$ fee, that's all a scam

Oh.... Yeah  ;D
You mean the initial capital op invested right ??? Yeah is lost because the platform, agent or whoever won't return the 500.

That 500 is what I call, trap money. The fish has eaten the fish used for trapping it. Move on in good faith. The future will bring you better money. Invest wisely and things don't come too easy like you see them appear.

No, $1000 was the withdrawal fee for him to withdraw maybe $5000 which was his gain after invested $500.

According to his statement m, this is definitely ROI investment scammer strategy which target vulnerable and inexperienced crypto investirs through telegram.

Knowing his wallet balance have nothing to do with helping the OP. Do you know this will always make him another for someone scammer that are watching?

That was already an obvious scam. Imagine the withdrawal fee for $1,000 it was definitely too big for a withdrawal fee and asking another $1,000 receiving allowance fee? That thing was a total scam.

As far as I remember my friend have experienced exactly the same thing when he have read a post from a stranger offering a investment service or mining service to make your invested money to grow in just a couple of days. He was make believed on it because of the pictures of proofs that turns out to be all made, simply saying they were all fake. It just so happen that he have sent about 5 times of 0.01BTC to an address using coinbase. The guy keep on asking for more because he says that the investment need a gas to be able to be sent out to his Bitcoin wallet.

Well, it seems like the same thing is happening to you. Honestly that was really a bad news that you have encountered a scammer. He must have targeted you when he knows you are just a new investor wanting to earn some money most specially at times like this. It just turns out that his plan works on you. Well, it is not you to be blamed primarily because you still do not have lots of experience. It just turns out that you have been victimized by a scammer that have took advantage of your weakness. May this experience of yours serve as a lesson not to trust or easily trust any offer from a stranger for it may typically be a scammer.

You've just lost your money by giving it to them without any knowledge because there is no single person out there who will double your money in an instant. there's no way they can do that and besides they asking you another amount for their foolish reasons, this is one indication that those people are only interested in your money. their never meant to give you anything in return let alone doubling it. Next time you need to reflect on what has happened to you and never get excited whenever someone offers you like this. instead, ignore it and don't let them fool you again.

Hey. I read your story and it sounds very sad, but I think that you can get your money back from scammers! But I do not give a 100% guarantee that I will help you return. I don't need any payment from you. If you want me to try to get your money back, then I will wait for your message! my telegram - @Fasesieno

Do you mean 500 bitcoin? Well sorry for your loss.

I think this is a typical investment scam in bitcoin, and it's obviously a scam if someone is inviting you to invest in some websites. For sure you might want to invest in websites that is already trusted by the community you should do some research about it or even here in the forum.

You already lost what you invested don't send another fund because for sure you're going to get scam again.

This was an obvious scam, normal and decent people will not do that if they want to help someone earn profits. If they asked you to send money higher than your expected profit and if they ask you to send money first, that's clearly a scam. Especially, if you don't know that people personally.

You already lost your money, if you are aware at first about these kind of scams then you are not in that place right now where you are thinking about your mistakes. Prevention is always better, and you really don't deserve that kind of scenario where you will become a victim of scamming, no one deserves that.

Claiming to be an expert recover coins? Keep in mind bitcoin payment is irreversible, so there are no way to get it back after you send it. Also the negative trust on your account is enough to say you a scammer

Don't ever contact this guy!

this is an obvious scam and it is pretty common, however the scammers using this method aren't usually this greedy. basically they scammed you the moment you sent them your money in first place but they saw the gullibility and wanted more. now they keep asking you to send them more money and the more you send the more they will ask.

there will never be any "payment" because this was never an "investment", this was a donation.

Sorry for the 500$ because that's what it is to me. You should have figured it out that it was a scam when you were asked to send additional 1000$ as a fee.  The scammer are somewhere laughing at your level gullibility. Next time, run away or avoid any conversation about money doubling if you don't want this to repeat itself.

It's totally scam and sorry to hear about this. Looks like OP get trapped into those scammers who always target new comers of crypto on social medias. So, stay away from all those users who dm you directly from nowhere/shadow and offer to earn profits in bitcoin. Stay safe with crypto.  :)

True story?

Dude, if this thing actually happened, I don't know what to say. Where on Earth you will pay to someone for $1k worth of withdrawal fees? we're even crying for $1-$5 fees then yours is a thousand buck.

If your BTC is on coinbase wallet, you are free to withdraw its base on the network fees, not with that person's fee-setting.

There is no doubt that someone has fooled you. It should be known to you that in 7 days so much profit is not possible. Why did you step on this trap? He will show you more greed. Please refuse it.

legitcyptomarketfx! I've never heard of it before and thete is nothing about it on google search results.
It doesn't take a genius to realize that this is a pure scam.
First, you trusted a random petson you met on the Internet. Second, he promized to double your investment in 7 days which is too good to be true. Then, you were asked to send more to withdraw your earnings!!

Sorry to break it to you but your money is gone and there is no way to get it back so be careful of newbies suggesting to help you.

Definitely a scam. Because if it is not they should not ask for another. Sorry to tell you but your money is long gone now.

It looks like you're a scam accomplice yourself. How are you going to help him m/her get his/her money back from the scammers? Isn't this another gimmick to milk him/her dey the more?

You are scammed and don't just blindly trust anyone and there is only one way to earn profit that's by doing it on your own by learning about market. Please consult with someone or share you though over this forum before taking any such steps in the future. Now don't regret for the money which you have already lost as its not gonna comeback.

Consider this as an experience and move on.

You are already in the lion's tent, just look for a narrow escape to make. This explanation alone from the first sentence shows that.
And please cross check your words before posting. There are lots of grammar errors on the post. Try to recheck

I don't think so. That was so damn huge to let some stranger do their thing with it. I mean, no one would dare to let somebody hold that amount of assets they have. Maybe the numbers he's pointing out there, amounts to the currency of the country he's residing with; USD, EUR, PHP and etc.

Going back to OP. Do not ever believe into any one offering right away. You should know that, dealing with somebody you don't know about is always associated with unpleasant possibility  :-\.

Be careful on this one he thinks that you can get easily scammed and he try his method to you there is no way he can help you if he know how he would have posted it here and advice you how to proceed, there are a lot of scammers in Telegram asking for a conversation to help you with your issues.

500 in bitcoin, you mean 500 usd in bitcoin right?

I guess you are wrong with what you did, investing with someone is always wrong and the return is quite unrealistic, so I'd like to think that you were already scam, even the moment you send that money, and even if you know that someone as there's no program or investment that would guarantee a return in just 7 days, and you are talking of a fix return here. What I can suggest is that accept the reality that you got scammed, move on and learn from that experienced.

I don't know why people keep supporting those platforms with the use of those tags.

• Can double your funds
• Legit
• No scam

Is the 500 above is USD or bitcoin? I think it's USD.
Those are absolutely a scam as the earlier you said you make an investment of 500 and you already have a profit with the 1000 dollars and before sending your funds you just need to pay 1000 again? Is this not too much loss to you lol.

500 investment + 500 profit + 1000 transaction fee?

All of this is lost to you, any side of this does not give a profit to you it's better to avoid and not entertain those people because why you need to sacrifice your 1000 USD for 500 profit? Are you still okay? if you accept this.

So you sent $500, and you expect a return in 7 days, after 7 days, you are told again to send $1000 to withdraw your profit, and good thing you didn't send again, so I would like to summarize, you only lose $500, of course because it cannot be BTC.  ;D

Question;

Who's that someone? was it a company name, a person, or what?

Because my friend, ,it looks like you got scammed here, and there's no way for you to recover your money, unless you know the someone and you can go after that someone.

Another one has fallen to this kind of scam, it is not clear whether the OP specifies dollars but if it makes you post this thread then that means this is a large amount. Another thing is, why would you trust some trader from instagram, they could be manipulating the pictures of stocks that he won, you can do photo manipulation you know that. The fact that this is your first time is forgivable but the second is something for the books, be careful out there and do not be blinded by greed and quick buck. Bitcoin will be there for you and so is scammers so you better watch out, consider this as a learning experience and I hope that you will not fall for scams again.

You have already fallen a victim of scam op, you invested 500 and asked 1000 for withdrawal fee, this is inappropriate for a legit investment platform or whatever it may be, never send any amount again for withdrawal fee, even if you send your money will not still reflect on your coinbase wallet. Each time your friend asks you to invest in something you don't understand, kindly initiate your idea of joining in let's analyse it for you. Be wise next time.

This is the profile of your enchanter, according to the user profile you stated: https://searchusers.com/user/forex_trader_sophia_. Just looking over the images one wonders how not to fall for enticing images, such as the one stating: "Pay off your debt of $100K investing in bitcoin even if you don’t have any experience"...

This is so obvious a scam because you already invested over 500 USD I may right this is the 500 means? I hope it is. Once you make an investment there is no too much transaction fee or the withdrawal fee cost too much a thousand dollars just for the pulling your funds you only have only two choices base on my opinion.

• 1. Deny the offer and loss your 500 usd
• 2. Make an investment for another a thousand dollars and you almost lose up to 1500 USD without assurance that is legit or not

Another six months before you will get your profit?
This looks like smell fishy to me if you make a trade you can immediately get your profit and transfer your funds to your wallet you do not need to hold those large amounts of coins to an exchange or trading platform. Still, it's your risk to do that.

Edit:  in your "Story" you say Sofia claims your 1k was sent back to you did you ever get that money/Btc back ?

First of IF someone knew how to turn 500 bucks into 7.5k in a week or whatever period they would not ask you for Money its common sense.
At what point do you justify sending another 1000 bucks ? there is 7500 IN YOUR ACCOUNT or so they say and you dont question why they cant deduct that 1000 usd from your account ?  I mean come on bro you should call someone to handle your finances from now on you should not have a bank or credit card and just live on a allowance so you can buy lunch at work.

Thats just as dumb as all those americans that sent "Elon Musk" their btc / eth because " he " said he would Double it.

I know that i might come  across as a bit of an Asshole but i have a hard time believing that story.

I can tell from your story that you first paid $ 500 for investment, then paid another $ 1000 for withdrawals. Normally the withdrawal fee is taken from the balance. but if the conditions are like that you can be sure that it is a scam.