Accusations of $5 million crypto scam emerge against Hustler Casino Live regular

The alleged scammer promoted a new coin called SupremeX, promising returns of 10-50 times

Wesley, better known as Dr. Hash in the cryptocurrency world and a regular at Hustler Casino Live is facing serious allegations of orchestrating a cryptocurrency scam worth $5 million.

The accusations surfaced on Reddit, where an anonymous user claimed to have been scammed out of $250,000 and subsequently threatened by unknown individuals.

The story begins with the accuser, a 28-year-old British financial services professional, and their friend delving into the world of cryptocurrency in 2021. Eager to seize opportunities in this burgeoning space, they joined various Telegram groups to expand their knowledge, ultimately encountering Wesley, whose real name is Wenzhi Fei.

Wesley presented himself as a member of a team launching a new digital coin called SupremeX. He promised them extraordinary returns of 10-50 times their investment within a year, emphasizing the project's credibility and the team's expertise.

Trusting in his words, the investors decided to put in $250,000, a considerable portion of their life savings, in January 2022.

Initially, SupremeX appeared to be performing well, but by May 2022, concerns began to mount as the coin failed to deliver on its promises.

Wesley offered reassurances, claiming that a significant investor from China was on the verge of a major contribution, which would boost the coin's value tenfold. He assured them this transaction would conclude by June.

As the June deadline neared, the investors were shocked to witness large-scale sell-offs of SupremeX, contrary to Wesley's promises.

When they reached out to him, he explained that the strategy was to provide the Chinese investor with a lower entry point and that the coin's value would skyrocket by August 25. However, on August 19, all the coins were sold off, rendering their investment worthless.

In a final blow, Wesley blocked all forms of communication with the distressed investors. Despite their efforts to seek recourse through their bank, no funds were recovered.

The situation took a sinister turn when the accuser returned from a week in the countryside to discover their apartment had been burglarized. Strangely, only electronic data storage devices were taken, while valuables were left untouched.

In response, the accuser confronted Wesley, who insinuated that someone had reached them and warned against further action. Wesley also claimed his bank account held no funds.

The accuser alleges that Wesley profited a staggering $5m from the SupremeX scheme and has offered to cooperate with journalists, providing evidence to support their claims.

Wesley vehemently denies these accusations, taking to X (formerly Twitter) to challenge the veracity of the allegations. 

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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