Cybercrime Zapadni Balkan Newsletter No. 62

The Largest Crypto Scam in Croatia: Over 200 People Defrauded of €4.6 Million

Dear clients,

Recently, the Municipal State Prosecutor’s Office in Rijeka filed charges against three suspects in one of the largest crypto scams in the region, in which more than 200 investors were defrauded of as much as €4.6 million.

This scam was organized through a fake cryptocurrency trading platform called BitLucky. The suspects attracted investors with false promises of secure and high returns, guaranteeing that they could withdraw their investments and profits anytime they wished. The platform created an illusion of safe investment, with fake data and success rates, further convincing investors to trust it and invest increasingly larger amounts.

However, the reality was different — the money deposited by users was not invested in actual cryptocurrency trading. Instead, the suspects transferred funds to other accounts and used them for their own purposes, leaving victims without their investments or any profit.

This scam is not just a financial blow to individuals but also has broader social consequences. Many victims were ordinary people who invested their savings hoping for a better future. Their disappointment and losses undermine trust in financial institutions and new technologies such as digital currencies, which further hampers the development of the market and financial literacy in our community.

It is important to emphasize that the judiciary has demonstrated readiness and determination to confront such sophisticated scams. Filing charges against the responsible persons sends a clear message that fraud will not be tolerated, regardless of its complexity or the number of victims. This is an encouraging sign for those who have been defrauded, as well as for those considering investments — justice can prevail even in new and unpredictable forms of crime.

We closely follow such cases and provide legal protection and support to our clients, as well as timely updates on important developments in the field of digital finance. Stay cautious and informed, as these scams can seriously threaten your finances, but with proper legal support and cooperation with the authorities, it is possible to protect your interests.

Kind Regards,

Your DefendMe Team