A shocking case of Bitcoin stolen through a scam has rocked the Chinese BTC community. In 2024, a software engineer in Chengdu lost 6 BTC to a criminal scam gang posing as a female trader. The perpetrators used a honeypot scheme, luring the victim via an X profile promising steamy sexual favors, only to extort him with fabricated threats in a crypto sextortion plot.
The incident unfolded after months of online communication. The victim was lured to a high-end hotel where the gang coerced him into transferring 6 BTC by threatening his reputation. Police are now investigating and warning crypto users about similar scams targeting holders. The case gained attention due to its parallels with a viral social media stunt.
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BTC Scam: The Gang, The Victim, and The Stolen Bitcoin
Just days before the report, a Mandarin-speaking X user, BTCconger, previously LisaaBuilder, posted a provocative offer. She promised to “spend the night” with anyone holding 0.1 BTC, asking followers to share wallet addresses.
Afterward she escalated her stunt with photos and videos, including a hotel selfie with a condom and a clip of her reading the Bitcoin white paper with three men. She also claimed to have traveled to Bangkok for meetups, though one post suggested a no-show.
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However, this one man becomes a victim after he agrees to meet at a high-end hotel in Chengdu, not with BTCconger but “Bitcoin Cong’er.” The perpetrators then reportedly used fabricated evidence to threaten the victim’s reputation, ultimately extorting a 6 BTC transfer through a crypto honeypot. A sexual pig-butchering scheme.
The Sina Finance report linked BTCconger’s tweet to the Chengdu case by a group of gang members who work in scamming businesses. It detailed how the gang operated under the alias “Bitcoin Cong’er,” mirroring BTCconger’s persona. The similarity in tactics using a female trader persona to deceive put the real BTCconger under scrutiny, even with no direct evidence tied to the crime.
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Following this, BTCconger addressed the allegations in a live stream with content creator Robert Lee. From Shenzhen, she denied involvement, stating that the Chengdu extortion predated her account’s rebranding to BTCconger. She argued that if guilty, she’d be detained and claimed to have notarized evidence to clear her name in a formal report.
The Aftermath: Not Just About the Stolen BTC
Police warn investors of a growing trend of scams exploiting crypto holders’ trust. The Chengdu case involved months of grooming before the in-person ambush, a twist on typical online extortion. Authorities urge users to verify identities and avoid sharing sensitive details with unverified contacts.
BTCconger’s posts eventually became massive, with 2 million views. They showcased the allure such tactics can have, whether for attention or deception. Some saw it as clever marketing, others as a risky move that hides real threats.
Besides his reputational threats, the 6 stolen BTC left the victim with financial damage. This tactic, common in crypto sextortion, leverages personal embarrassment to bypass rational judgment. The gang’s use of fabricated evidence exploits victims psychologically.
Investigations continue, but BTCconger’s denial hinges on timing and her public presence. She insists her rebranding to BTCconger was recent, postdating the Chengdu incident.
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This case exposes vulnerabilities in the crypto space, where anonymity and trust can be weaponized.
As police dig deeper, the line between viral stunts and criminal acts blurs, leaving us on edge.
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Key Takeaways
The post Undercover Sex Trap Rocks Chinese BTC Holders: 6 BTC Stolen In Sextortion Scam Honeypot appeared first on 99Bitcoins.
