Man sells bitcoins for €180,000 in fake money

A man was scammed out of 26 bitcoins in an Amsterdam hotel on Thursday. He was approached online by someone who wanted to buy 26 bitcoins from him for 180 thousand euros in cash, around 24 thousand more than the bitcoins were worth at that time. But the money he was paid turned out to be fake, the police said on Facebook.

The man agreed to meet the bitcoin buyers in an Amsterdam hotel. They showed him the cash, and he transferred the bitcoins to them. Once the transaction was done, the scammers handed over the bag of cash and left.

Once alone, the man decided to take a closer look at the money and quickly realized that the notes were fake. "Ultimately he is 26 bitcoins poorer and one police declaration richer", the Amsterdam police said on Facebook. The police are investigating.