Cryptocurrency scams on dating websites are increasingly popular as fraudsters conned thousands of people in the last several months.

A recent media report has shed light on crypto fraud that occurred last year on a dating platform. A 24-year-old Tennessee woman reportedly lost $390,000 when she started dating a person named Hao on Hinge. As per texts seen by the NYT, he persuaded her, “I want to teach you to invest in cryptocurrency when […]

The US Federal Trade Commission (FTC) said on Wednesday that American consumers reported losses of more than $5.8 billion to fraud in 2021, which is an increase of 70% compared to the reported losses in 2020. In total, the FTC added around 5.7 million consumer reports to its Consumer Sentinel Network (Sentinel) secure online database in […]

Romance scams with crypto are on the rise. FBI warns crypto investors amidst valentines day.  All countries are affected by

The post has appeared first on thenewscrypto.com

The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019,” said the FTC. FTC Warns […]