Analysis

April 22, 2025

Crypto scammers still targeting startup founders and VCs: ‘It’s hard to withstand the lure of easy money’

Secretly recorded footage of one investor being scammed sheds new light on the scheme


Steph Bailey

3 min read

Secretly recorded footage of a scam in action reveals how phony investors conned a startup and drained its cryptocurrency wallet of almost $50k. 

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Screenshot of the recorded video showing Daniel Veidlinger interacting with the scammer.
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Steph Bailey

Steph Bailey is head of content at Sifted. Follow her on Twitter and LinkedIn

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