Bitcoin scam sees man lose nearly half a million dollars, calling banks and exchanges to account
Kevin Barraclough lost lost his entire inheritance in an online bitcoin scam.
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The brother of a man scammed out of more than $400,000 has issued a warning to people to be more aware of bogus bitcoin traders.
Key points:
Mr Barraclough lost nearly half a million dollars when he signed up to a scam without understanding what he was doing
Westpac initially put a hold in his account used to make the transactions, then lifted it allowing the payments to proceed