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The Trap of False Wealth: The Tragic Story of a Crypto Influencer

The death of Fernando Perez Algaba in July 2023 was not a random crime, but the result of a financial collapse hidden behind a facade of luxury. His case exposes an uncomfortable reality of the crypto world: many influencers who flaunt wealth are actually on the brink of the abyss.

What Went Wrong?

The Illusion of Success: Algaba built an image of a rich man on social media, but it was pure fiction. Beneath it all, he was drowning in debts: unpaid taxes to the Argentine AFIP, loans from failed crypto investments, and most dangerously: money borrowed from violent groups.

The Wrong Connections: He got involved with the Barra Brava, the violent ultras of Argentine football. When he couldn't pay, he stopped being a debtor and became a problem. He received threats for weeks before being found dismembered in a suitcase.

The Hard Lesson

This is not just a criminal case. It is a warning about three things:

  1. Unfounded crypto investments: Not everything that shines in the crypto universe is gold. Algaba bet wrong and lost everything.

  2. The danger of borrowing from criminals: When you need money quickly and have no legal options, you end up trapped.

  3. Social media lies: The luxury you see on Instagram may be funded by criminal debt.

The death of Algaba is a reminder: true wealth is not built with smoke and deception. And in the crypto world, where everything moves fast and there is a lot of money at stake, shortcuts can cost you your life.

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