An elderly man from Troy, Michigan, lost approximately $160,000 in a cryptocurrency scam after being contacted by a fraudster on Facebook. The scammer persuaded him to invest in crypto through a fake platform, then demanded an additional $113,000 to release his supposed profits. When the man refused to pay more, he realized he had been defrauded. This type of scam, known as a social engineering scheme, often preys on vulnerable individuals by building trust online. Authorities urge the public to be cautious of unsolicited investment offers, especially those requiring additional payments to unlock funds or withdrawals. Investigations are ongoing.