cryptogate.com

The Dutch prince and his crypto bot So, I know nothing about crypto and trading, just that it exists. Anyway. I’ve got telegram and got an ad: today I’m picking 20 people who can make 20.000 euro today. I’m thinking yeah sure buddy but I accepted the invitation to this chat out of curiosity. And he starts spamming messages with stories of followers who made 20, 30, 40k within an hour, sharing convo’s with “followers” who made these amounts with screenshots of “their” bankaccounts with these amounts, pics of him in a Lambo with his (probably rented) girlfriend, his life in Dubai and so forth. You can dm him and ask him anything or sign up. Well I haven’t ofcourse but I keep reading his messages. He also gives an explanation of how it works: he developed a trading bot that he runs on a trading site (Cryptogate.com). However, I went to the site and only US citizens can trade there. He is not. Today he added a pinned message about that issue: he registered there before that restriction so he can still trade there. Anyway: an example: buy 0,0075 bitcoin for 121 euro and sell for 127 euro. Money is made via exchange rate (6 euro) and the bot does this 6403 times so that’s 38.418 euro. He’s got 3 options: invest 63 and get 19989, invest 83 and get 27.307 or 122 and get 38.541 euro. In return he asks for 15% of the amount you make. I’m sure it’s a scam but I can’t find anything on it. My question(s): am I right about it? Should I bother to report and if so, where? Thank you in advance