Cryptocurrency Q&A How much money do romance scammers conned out of cryptocurrencies last year?

How much money do romance scammers conned out of cryptocurrencies last year?

Valentina Valentina Mon Jul 08 2024 | 7 answers 1439
Could you elaborate on the scale of financial losses inflicted by romance scammers through cryptocurrencies in the past year? I'm particularly interested in understanding the monetary amount that these fraudsters have managed to swindle from unsuspecting victims. It's crucial to gauge the severity of this issue and determine the extent of the damage done to both individuals and the cryptocurrency ecosystem at large. Your insights would be invaluable in helping us formulate effective strategies to combat this growing threat. How much money do romance scammers conned out of cryptocurrencies last year?

7 answers

DongdaemunTrendsetterStyle DongdaemunTrendsetterStyle Wed Jul 10 2024
The Federal Trade Commission (FTC) released a report in February 2022 revealing that romance scammers duped victims out of a staggering $139 million worth of cryptocurrency in the previous year.

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CherryBlossomKiss CherryBlossomKiss Wed Jul 10 2024
This trend highlights the increasing sophistication of cybercriminals who are exploiting the anonymity and decentralization of cryptocurrencies to perpetrate fraud.

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Bianca Bianca Wed Jul 10 2024
The victims of these scams are not just those actively seeking romantic partners through dating apps such as Tinder, Bumble, and Hinge.

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PulseEclipse PulseEclipse Wed Jul 10 2024
In fact, the perpetrators of these scams are becoming more cunning, often targeting individuals through social media platforms, chat rooms, and email even.

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JejuJoyfulHeartSoulMate JejuJoyfulHeartSoulMate Tue Jul 09 2024
They establish relationships with their victims, gaining their trust over time, and then convince them to invest in fake cryptocurrency projects or send them funds for various reasons.

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