An Indian teenager is in hot water after threatening to carry out a deadly attack on a U.S. international airport after he failed to receive support from the FBI in relation to an alleged Bitcoin scam.
Bitcoin Scam Leads to Volatile Situation at Miami Airport
Bitcoin’s price may be experiencing an extreme lack of volatility, however, a new report involving a Bitcoin scammer has led to some potentially explosive action.
According to a local report, an 18-year-old student from the Northern Indian state of Uttar Pradesh has been detained and charged by anti-terrorism authorities, after the teen made a number of deadly threats against Miami International Airport.
The teen claims that he had taken $1,000 from his father and invested in Bitcoin, turning a massive profit from his initial investment. The 18-year-old then took his earnings, and invested in what turned out to be a scam. The young man explained during his interrogation, that the “fraudster” had promised massive returns, but instead made off with all of the teen’s money.
Upset, and unsure how to go about getting his money back, the unnamed teen decided to call the United States Federal Bureau of Investigation (FBI) – as many as 50 times – over the last month in an attempt to seek help and bring the scammer to justice. The FBI ignored his pleas for help, however, which caused the teen to escalate the situation.
“After not getting proper response from FBI, I made calls to Miami Airport authorities and threatened an attack. I told them that I would bring AK-47s, grenades and suicide belts and blow up the airport,” the 18-year-old said, according to interrogation reports.
The teen is said to have used a fake identity and fake email account to make the threats over the internet, but he was unable to hide his tracks. The FBI sought the help of India’s National Investigation Agency to help track down the individual, and the young male was eventually picked up by the Uttar Pradesh police department’s anti-terrorism squad and is facing a number of charges.
Crypto Makes for Explosive Emotional Moments
Irrational exuberance and complete despair are two ends of an emotional rollercoaster cryptocurrency investors have been riding for the past year.
It began in mid-November, when Bitcoin’s price went parabolic and exploded to its all-time high of $20,000. Investors struck it rich, and talk of Bitcoin’s price reaching $1 million per BTC was enough to keep hopes high. Except come January, the price of all leading cryptocurrencies began to crash, and a 11-month-long bear market ensued, leaving investors at the brink of capitulation and chaos.
Due to the amount of skin investors have in the “game” and the strong emotions tied to potential wealth, the bear market has led to some scary situations and investors taking risks in order to try and recoup a portion of their losses. In addition to the story above, back in March a Chinese investor threatened to commit suicide by drinking poison in response to his Bitcoin holdings being liquidated.
Video circulated around the internet of the crazed individual holding what appears to be poison in the lobby of cryptocurrency exchange OKEx, then threatening to drink the poison if his funds weren’t promptly returned. The example is yet another case of an investor risking too much, and being unable to cope with a substantial loss.
Word to the wise: Never invest more than you can afford to lose.