Crypto scams on dating apps on the rise
The amount of funds stolen in this way increased by 80% for 2021
04.03.2022 - 14:35
336
1 min
0
What’s new? The US Federal Trade Commission (FTC) has published a report on the increasing cases of scams on dating apps like Tinder. The amount of cryptocurrency lost as a result of “romance” scams increased by 80% for 2021, for a total of $139 million in damages.
What schemes do scammers use? The criminals usually pretend to be military personnel and ingratiate themselves into the confidence of lonely people. After a while, they ask for money to pay, for example, for moving expenses. To do this, the scammers offer the victim to use of cryptocurrency, as it is more difficult to trace.
Another popular scam method is so-called “pig butchering.” The scammers ingratiate themselves with a person and offer them lucrative investment opportunities by sending a link to a fake cryptocurrency exchange. After the first investment, the fake website reports that the investment is profitable. The victim continues to send funds until they realize they have stumbled into a scam.
FTC’s representatives ask internet users to check URLs of well-known platforms more carefully. The fake versions of Crypto.com and Binance already exist.
Useful material?
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024
Trends
According to the fund’s analysts, stablecoins with a peg to the US dollar will gain popularity as the main means of settlement
Dec 5, 2024