Top Stories

**Erik Bergman Lost $1.25M in Elaborate Crypto Scam: Urgent Alert!**

**Erik Bergman Lost $1.25M in Elaborate Crypto Scam: Urgent Alert!**
Editorial
  • PublishedSeptember 1, 2025

BREAKING: Erik Bergman, founder of Great.com and co-founder of Catena Media, has revealed a shocking loss of $1.25 million after falling victim to a sophisticated crypto scam over the weekend. The incident has sent ripples through the entrepreneurial community, highlighting the urgent need for vigilance in online investments.

In a candid post on X (formerly Twitter), the 37-year-old entrepreneur expressed his feelings of shame and regret, stating, “I just got scammed for $1.25 million. I feel ashamed and stupid.” This alarming revelation comes just days after Bergman pledged $1 million to support the Team Water initiative, a campaign led by YouTube stars like MrBeast and Mark Rober aimed at building wells in Africa.

The scam began innocently when Bergman received a legitimate call from MrBeast, thanking him for his generous donation. Shortly after, he was contacted by scammers posing as Team Water representatives through WhatsApp, inviting him on an exclusive trip to Africa with other donors. They even created a convincing group chat featuring alleged billionaires and influencers, which included fake accounts of familiar names like @StakeEddie and @adinross.

Bergman, eager to fit in with what he believed were high-profile personalities, felt pressure to participate. He later described feeling like “a 13-year-old boy wanting to fit in,” revealing the emotional manipulation at play. The situation escalated when the impersonated MrBeast pitched a secret crypto investment opportunity, claiming a partnership with Coinbase for a new coin launch.

The scam was expertly orchestrated, with chat members encouraging each other to invest. Bergman and a friend, swept up in the excitement, wired $500,000 initially, followed by another $750,000 to the scammers’ wallets. It wasn’t until Bergman noticed discrepancies, such as an American influencer using a British phone number, that he began to question the legitimacy of the group.

In a desperate attempt to verify his fears, he contacted the real MrBeast, whose stunned response confirmed the worst: “Wow, I don’t know what to say… please tell me you didn’t send them any money.” The reality hit hard as Bergman realized the entire setup, including the trip to Africa and the investment opportunity, had been fabricated.

Despite the devastating loss, Bergman is choosing transparency over secrecy. He is sharing his experience to combat the stigma associated with being scammed, emphasizing the importance of openness. “Shame can only live in the shadows,” he stated, encouraging others to speak about their experiences to alleviate feelings of embarrassment.

Bergman has previously faced scams, recounting a $3,000 loss at age 20 that he kept hidden for years. This time, he sought support from his family and close friends, receiving an outpouring of encouragement. “Remember that shame can only live in the shadows. Tell people about your shame, and I promise that the feeling will change,” he advised, underscoring the emotional toll such experiences can take.

This incident serves as a stark reminder of the risks associated with investment opportunities in the digital age. As scams become increasingly sophisticated, it is vital for investors to remain vigilant and conduct thorough due diligence before committing funds. Authorities and industry leaders must also work together to increase awareness and protect individuals from falling prey to these elaborate schemes.

As this story unfolds, the entrepreneurial community watches closely, seeking lessons from Bergman’s painful experience. Stay tuned for further developments on this urgent issue.

Editorial
Written By
Editorial

Our Editorial team doesn’t just report the news—we live it. Backed by years of frontline experience, we hunt down the facts, verify them to the letter, and deliver the stories that shape our world. Fueled by integrity and a keen eye for nuance, we tackle politics, culture, and technology with incisive analysis. When the headlines change by the minute, you can count on us to cut through the noise and serve you clarity on a silver platter.