Crypto scam costs woman €12,000; Mallorca police join probe
On Mallorca, Spain, police in Algaida help investigate a crypto scam that costs a woman around €12,000: a fake investment platform blocks withdrawals from both her accounts. Spain’s Civil Guard says on 9 November 2026 that it is investigating three people with addresses in the Balearic Islands, Valencia and Granada. The woman first encountered the scheme through a WhatsApp group offering high-return investments.
A small credit, then blocked withdrawals
The group initially shared financial-market information and investment tips. The woman was later invited to use a platform called DUTT, which promised high returns from cryptocurrency investments.
To win users’ trust, the people behind the platform initially credited them with 100 USDC. Its transactions appeared profitable, and users could add money and make partial withdrawals for several months.
The woman then requested a loan of 12,000 USDC through the platform. She was told she had to repay it before she could withdraw funds. Trying to recover her money, she opened a second account and paid in a further 2,000 USDC and 3,000 USDC. After the last payment, the operators stopped answering her messages and the platform blocked withdrawals from both accounts.
Investigators block around €6,000
After she filed a complaint, the Civil Guard’s cyber-investigation unit traced the digital funds through different addresses and exchange services. Investigators found transfers they suspect were intended to make the money harder to trace and conceal its origin.
The unit secured a block on around €6,000 of the funds. Police teams from Algaida, Llíria in Valencia, and Granada took part in the investigation. The case files and the three people under investigation have been referred to the competent judicial authority in Llíria.
Source: Europa Press / Mallorca.com