A U.S. tourist visiting London has reported losing $123,000 in cryptocurrency after an alleged scam involving an Uber driver, according to recent reports. The incident highlights growing concerns about crypto-related fraud targeting travelers.
The victim, whose identity remains undisclosed, told authorities they hailed an Uber in central London last week. During the ride, the driver reportedly struck up a conversation about cryptocurrency investments, claiming to be a “seasoned trader” and offering tips on a “high-return” digital asset platform, according to a police statement.
The tourist said the driver persuaded them to transfer funds to a wallet address allegedly linked to the platform, promising quick profits. After the ride ended, the victim realized the wallet was fraudulent and the funds were unrecoverable. They reported the incident to London’s Metropolitan Police, which is investigating the case as a suspected fraud.
Crypto scams targeting unsuspecting individuals have surged in recent years, with fraudsters often posing as financial experts or using social engineering tactics to trick victims into sharing wallet details or making unauthorized transfers. Law enforcement agencies worldwide have warned travelers to be cautious of unsolicited investment pitches, especially in public or shared spaces.
An Uber spokesperson said the company is cooperating with the police investigation and has temporarily suspended the driver’s account pending review. “We take passenger safety and fraud allegations extremely seriously,” the spokesperson added. “Any driver found to have engaged in fraudulent activity will be permanently removed from the platform.”
Experts advise crypto users to verify investment opportunities through legitimate channels and avoid sharing financial information with strangers. “Travelers should be wary of anyone pushing unsolicited crypto deals, especially in scenarios like rideshare trips where trust can be mistakenly assumed,” said a cybersecurity analyst.
The London police have urged the public to report similar incidents and reminded residents and tourists to stay vigilant against crypto scams. As of now, the investigation is ongoing, and authorities have not released further details about the driver or the fraudulent wallet.
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