Investment Scams

Romance Investment Scam – Fake Trading via Bitvavo & quinpinsqy App

Sam007
Moderator

    Scam Type: Romance-Based Crypto Investment Fraud
    Platform Involved: quinpinsqy (unverified third-party app)
    Exchange Used: Bitvavo (for initial funding)
    Reported Wallet: 0x9f6b33716e0ba165e51172ac8fa15e30a295ab52 📋
    Status: Victim unable to withdraw funds after large gains

    Description:
    The victim met a woman on Tinder who later moved the conversation to WhatsApp and encouraged participation in cryptocurrency trading. She introduced the victim to Bitvavo (a legitimate exchange) and a suspicious trading app called quinpinsqy. Motivated by screenshots showing high profits, the victim installed the app independently, without sharing login credentials.

    Funds were transferred from Bitvavo to quinpinsqy, and early trades appeared to be profitable. However, once a significant balance was reached, withdrawal attempts failed, and the app stopped functioning. This setup aligns with a typical romance scam, where fake trading platforms simulate earnings but ultimately lock or steal the deposited assets.

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