Transparent blockchain, dangerous in certain situations; I was robbed.

[Camilo Sanchez]

In June of last year, I had a portfolio that was 30% mine and 70% from investors. I would acquire bitcoin or simply trade between USDT and the local currency (Colombian pesos). One thing that happens there is that the USDT price is low, making it easier to do OTC and trade with the fluctuation of the peso. But something else that happens is that there are many criminal organizations.

One day, a new supplier who was selling me coins started offering me a very good price for no apparent reason. It seemed suspicious, but I never got nervous because the business was always done upfront, and the wallet with the funds went through a filter of two other wallets, so I never felt any danger. One day, the same supplier offered to buy from me at a very good price, with the excuse that he urgently needed coins and asked me to send them quickly, which I didn't do, of course. He got somewhat angry.

Two weeks later, he again offered to sell me at a very good price but had another stablecoin to sell. He proceeded to send me the contract for this coin, which was a strange link, but it did show the stablecoin. I didn't worry because that phone didn’t receive the coins, so I wasn’t concerned. What I didn’t know was that it was a link that allowed him to see my location.

The following weekend, while heading to the outskirts of Medellín, I was intercepted by fake police officers who detained me. What I didn’t know was that these were the same men. They took me to an apartment and beat me severely to get the money from the wallet they saw on the blockchain (the total was $1.3M at the time). I never admitted it was mine, saying it wasn’t. I don't know how they were so sure it was mine until they threatened to cut off a finger if I didn’t give them the money. I had to call to have the funds released.

It was one of the most terrifying situations of my life, and even today, a year later, I am still psychologically affected. Besides losing everything, I had to tell a friend to send $340k upfront to have them release me, saying I would pay it back. That was my share of the fund that I was going to lose to save my life, leaving me with a massive debt. When I was released and informed people in the industry, they told me the police were helping these criminals. I realized that there were still people watching my home and office. So, I took someone’s passport and left, ending up without clothes or anything, with a huge debt and pressure from the people in the fund, and starting from zero since I sold my cars and assets to pay as much as possible.

I never imagined going through something like this, but little by little, I will get through it. If anyone would like to help me with a small donation, I would be immensely grateful (TWrPXGqZPxkNsNWcxDJc3k6eHrpoT9CDQy). If not, I hope this story serves as a lesson. This can happen not just in Colombia, but in any country where there are opportunities for arbitrage and price advantages. It’s better to earn less and not risk losing your money or your life. Blessings.

[zasad@]

A sad story. Usually people who are engaged in such financial exchanges have security and connections in the police and the criminal world and they do not have access to all the company's coins. Such a business can of course have very high risks, but if in Russia an exchange office pays money to a criminal organization, then the robbery of this exchanger will be a big blow to the reputation of this criminal organization. As a rule, such robbers are found by criminals or the police and their life as robbers ends in the forest, at the bottom of a river or in prison, depending on who finds them first.

[larry_vw_1955]

I never imagined going through something like this, but little by little, I will get through it. If anyone would like to help me with a small donation, I would be immensely grateful (TWrPXGqZPxkNsNWcxDJc3k6eHrpoT9CDQy). If not, I hope this story serves as a lesson. This can happen not just in Colombia, but in any country where there are opportunities for arbitrage and price advantages. It’s better to earn less and not risk losing your money or your life. Blessings.

skeptical of your story...and why, because you are asking for donations. that's why.   first time posting. where have you been? busy arbitraging bitcoin apparently and making lots of money.

[Lucius]

Regardless of whether the story is true or not, in a country where criminals are at every turn, everyone should do much more to protect themselves. With so much money, the OP could have hired bodyguards to follow him every step of the way, or paid the police "protection", which is very common in such countries.

Advice for the OP - forget about what happened and don't work with other people's money because the same things will happen to you sooner or later again.