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Couple Loses Cryptocurrency as Bitcoin Investment Scam Grow

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Nick Yeomans and his partner Josie, a beautiful couple from Australia assumed they had hit the jackpot when a BTC investment they made triplicated in the last six months.

To the couple, the cryptocurrency platform they found Coinexx.org appear too good to be true. With time, Nick and his wife started to pour in more money into their Coinexx account, and they subsequently made huge returns on investment.

As soon as they realized they made higher returns, Nick and his wife convinced family members to invest their own money, which they did with more than $20,000.

However, immediately they had no money to give anymore, their charges increase, and their return on investment minimized, also they were barriers between them and their money as the website refused to allow them to make any withdrawals.

When they realized they were unable to get their money, they decided to contact someone from the company and got the following reply:

“Let me save you the stress because you’ve been through a lot already. Coinexx is a scam. Everything and everyone involved is the same,” it said.

“Don’t bother about trying to get back your money. Just focus on getting money to take care of your family.”

The company soon stopped all communication with the couple.

“I doubled over, and I just felt sick. I was like, ‘we’re f***ed.’ That’s it. That’s all I thought,” Mr. Yeomans said.

“We’re left here with nothing, with no income, and with lots of debt, the debt has high interest, I thought ‘how are we going to get out of this?’

“I just wanted to cry.”


The couple is one of the growing numbers of victims to the volatile digital currency investment scams currently making waves in Australia.

The Australian Competition and Consumer Commission (ACCC)’s Scamwatch revealed that these investments scam relating to Bitcoin and several cryptocurrencies had amplified evidently in the last few months of this year.

As of May 31, victims of cryptocurrency in Australia have reported more investment scams loses than they had in all of 2018.

In the words of the couple, they were initially skeptical when they were introduced to Coinexx.org, a scam website looking like the original Coinexx.com from a Facebook group.

Yeomans decided to risk his money even though he expected it to be a scam, but to his amazement, the website took a $1,400 payment and returned more than $3,700 in six months.

He thought from that moment he had hit the jackpot and decided it was genuine, and he and his wife should invest until the scam.

Mr. Yeomans said he and his wife had since tried to get back on their feet financially.

“We don’t have time to feel sorry for ourselves, and we’ve got other people relying on us, we’ve just got to get to work,” … “So that’s what we did.” – He said.

Source: https://www.abc.net.au/news/2019-07-04/bitcoin-investment-scam-steals-thousands-from-canberra-couple/11271742

About the author

Jo Arazi

Jo Arazi

Jo is a seasoned writer and analyst of the cryptocurrency market with several years of experience writing for various blogs and websites worldwide. He has worked with several crypto startups and is a supporter of credible crypto projects worldwide.

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