Dating site scammers earned $139 million in cryptocurrencies in 2021

Dating site scammers earned $139 million in cryptocurrencies in 2021

New data shows that online romance scams are growing at a record pace. Victims have already lost more than $500 million last year alone.

A report released by the Federal Trade Commission (FTC) found that dating apps have become a prime hunting ground for scammers.

Over the past five years, a Federal Trade Commission (FTC) report has emerged. people have lost more than $1.3 billion to romance scams, more than any other FTC scam category. In recent years, their number has increased sharply. 

According to the department, last year alone, scammers received more than $547 million. About 20% of this amount - $139 million - came from crypto assets. The scheme has already received the name CryptoRom - “Cryptoromance”. Previously, it was actively used by scammers from Asia. In the last year, it has been adopted by criminals from Europe and the United States.

So a British man lost 20,000 pounds ($27,250) by succumbing to the persuasion of his new online girlfriend to trade with her on the Binance exchange. And a handsome investor from China persuaded a Russian woman to deposit $3,000 on a fake crypto exchange.

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