A LocalBitcoins user who alleges he “got robbed while doing a cash trade” for bitcoin (BTC) on the significant peer-to-peer crypto trading platform now states that he has BTC 7 “still stuck in escrow” on the exchange.
LocalBitcoins works like an escrow service for users who require to add a layer of security to the transactions they perform on the platform.
In a YouTube video, the user, who said his first name is Alex, declared that in February 2017, he tried to carry out a trade for BTC 7, worth approximately USD 8,000 at the time (but closer to USD 135,900 in today’s prices).
Alex said that the man he had accepted to carry out the deal with reached out to him at the last minute to say that his girlfriend would be accompanying their in-person meeting in his place in London – and was eventually attacked and robbed by two men.
He continued that the attackers then rob three other bitcoin traders in the same manner, although in a Reddit post, that estimate was changed down to two.
He claimed that the “criminal” who robbed him “insisted” on using LocalBitcoins’ escrow service – even though it was to be a face-to-face transaction.
Alex declared that he has tried to speak to LocalBitcoins about the matter, but his bid to recover his BTC funds has been empty. He claimed that notwithstanding presenting proof from the police to support his claims, LocalBitcoins was doubtful about Alex’s claims – and refused to contact a UK-based police officer who had handled his case.
He also alleged that admins had dismissed a Reddit post he had made on the topic in the r/localbitcoins subreddit on Twitter.
Alex then created a similar post on the r/bitcoin subreddit, where many posters suggested that he seek legal help.
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