CRYPTO-ENTREPRENEUR FROM ISRAEL LOST HIS BITCOINS WHEN TRYING TO BUY GRIN

Israeli crypto-entrepreneur Moshe Hogeg, known for his participation in Sirin Labs and some other projects, became a victim of scams and lost a “significant amount” in bitcoins when he was trying to buy a large amount of cryptocurrency Grin.

Hogeg posted a message to the Israeli cryptocurrency community on Facebook, where he told about the incident. According to him, he resorted to the help of a trusted OTC service. According to the publication, the seller was recommended to Hogeg by a “Trustee”.

Before sending bitcoins, the entrepreneur asked to give him a certain amount of Grin to make sure that the seller really has a cryptocurrency. Having received the necessary confirmation, he allegedly fulfilled the terms of the agreement on his part and sent the agreed amount in bitcoins, after which the seller and the Trustee evaporated.

Hogeg reported that he was already consulting with a lawyer on the matter.

The Grin cryptocurrency, which uses the Mimblewimble privacy Protocol, was launched on January 15th.

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