BBB Scam Alert: Swiping Right On Tinder? Watch Out For Cryptocurrency Scams

Coinbase said it has added the fraudulent crypto addresses to the firm’s product blocklist. When you crypto date, you are dating with the aid of cryptocurrency. When you get asked to send money or cryptocurrency from a woman online, say no. A 65-year-old Williams Township man recently lost about $160,000 in a cryptocurrency investment scam, Pennsylvania State Police said.

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No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. Cryptocurrency transactions will typically be recorded on a public ledger, called a “blockchain.” That’s a public list of every cryptocurrency transaction — both on the payment and receipt sides. Depending on the blockchain, the information added to the blockchain can include details like the transaction amount, as well as the sender’s and recipient’s wallet addresses. It’s sometimes possible to use transaction and wallet information to identify the people involved in a specific transaction. And when you buy something from a seller who collects other information about you, like a shipping address, that information can also be used to identify you later on. When investigators pored over her bank accounts and credit card bills they found payments totalling £5,172 to Boots, balanced out against £60,787 received, or £3,681 paid to Debenhams, against £42,853 received.

Many lost thousands of dollars after buying dodgy Squid Game coins – named after the Netflix hit – whose developers made off with $2.1million. “Even helping you set up a demo metatrader account and giving tips yielding massive profits. Experts say the scam is a huge corporate enterprise run by syndicates linked to the Triads mafia. He bought some Etherium online currency to invest via an online broker she recommended – which claimed to be backed by the Bank of Hong Kong.

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“I’ve ruined my life for the time being. The saddest thing will be telling my family.” He realised it was a swizz when the “broker” demanded huge taxes to release his investment and fictional profits. The clever part of the scam is that the victim initially makes a profit and is even able to withdraw the money – but by then they are hooked. She won his trust by revealing details of her daily life and sending pictures of her meals – a classic part of the routine, experts say. He is one of thousands who have fallen victim to the massive global crypto fraud – which began in China and has recently spread to the US and Europe.

Soon she began “casually” mentioning how she followed Bitcoin trends and offered to teach him how to make money from prices going up and down. But she claimed she could not meet him SALT in person because of Covid. Posing as an attractive young Chinese woman living in Canada, she quickly struck up a close friendship and began messaging him every day on WhatsApp.

When a GoFundMe page was set up by a friend to help, Tony got back in contact. “He refused to meet me in person but wanted to act like a boyfriend and expected me to trust him as a girlfriend would,” Rose said. On day two, he sent her a screenshot of his crypto portfolio supposedly showing $5.5 million, with $150,000 in daily gains. Ren told Rose he was planning to make a trade and invited her to join him as a “way to get closer to one another.” “He was having me move my money into an unregulated wallet that I wouldn’t be able to get back,” Rose said.

According to FTC, in 2021, victims parted with over $139 million worth of crypto to romance scams. Before using any dating app, people must know that many cyber criminals are waiting for them to sign on. If you find someone you share a connection with, be sure to research them. Finally, she confided in her family about what happened, and her daughter sent her information about the online dating investigation service Social Catfish.

She met him through a dating app, where he explained that one of his hobbies was trading cryptocurrency. He offered Sarrah advice on making trades with the crypto-trading app Coinbase. And as these schemes get more widespread and more complex, the number of people falling for romance scams keeps growing. Last year, 70,000 people reported they were a victim of a romance scam, with a median loss of $4,400.

They Avoid Video Chat Completely

If a love interest appears to be in a hurry to get off the dating app to an unsecure chat app, that is a red flag. They will request that you send them money or crypto because they are short of finances. Always make sure you do a good background check on every person you chat with online. Scams on dating sites require the man to play the game with the female. The victim used the money to purchase digital currency that he sent to an unknown person who promised the currency would be sold for a massive profit, officials said in a statement.

As cryptocurrency remains a mystery to many, it can be profitable. Cryptocurrency is decentralized digital money based on blockchain technology. PJ then took that money and invested it into a liquidity mining website that Alice had suggested.

“This strong and important investment allows us to launch leading partnerships and new breakthrough technologies or products to keep protecting our members across the world,” they said. A spokesperson also encouraged people to look for the blue tick to see if a user had verified their profile pictures. They added that the company had spent $100 million in 2021 on efforts to protect user safety. I’ve learned to take my time with people and not be so easy to manipulate. When I said I couldn’t afford to invest any more than I’d already put in, she suggested that I take out a loan or borrow money from friends.

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Moreover, those to blame for such happenings are the perpetrators and not the victims. Contacting the authorities is of utmost importance, the FBI says. Crypto scammers are now using dating apps to lure victims into fake investment opportunities.

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