Police have issued a warning after a victim lost millions in a “sophisticated” cryptocurrency scam described as “highly targeted.” Authorities revealed fraudsters used advanced social engineering tactics, impersonating trusted financial advisors and leveraging convincing documentation to gain the victim’s trust. The scam involved investment platforms mimicking legitimate exchanges, tricking the victim into transferring large sums over time. Investigators stressed the alarming rise in crypto-related fraud, urging the public to verify credentials before investing. Victims are often contacted via social media or professional networking sites. Police warn that recovery of lost funds is extremely difficult, highlighting the importance of prevention.