Hello,
I fell victim to a crypto scam when I first got into crypto.
A business (they had social media accounts and discussions via telegram) claimed to return 20% per week on any crypto amount 'invested' with them. It was paid out and re-invested each week.
They paid out for two weeks, and then in the third week they kept my crypto, and refused to return it.
I note the short turnaround for expected returns, and only doing it for the purposes of quick profits.
At the same time, I was margin trading on Bitmex.
Do I treat the scammed crypto:
- as a capital loss?; or
- derivative loss/income loss?
Let me know if you need more information.
Regards
Anth
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1,352 views
1 replies