Crypto scammers are now perusing dating websites for easy targets

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Some would say that cryptocurrency is a scam all unto itself. However, ever-present crypto scammers are leaving email campaigns and twitter spam for a new trick: dating websites. Instead of finding the perfect partner, you might find a bunch of debt!

Crypto scammers are flooding dating sites

Reported by Popsci, the FBI has released a PSA warning would-be lovers about those pesky scammers. The PSA reveals that over 1,800 complaints have been made in the last seven months regarding dating website crypto scams.

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After an investigation, it seems that the scams have resulted in colossal losses for the victims. An estimated $133.4 million has been taken by the scam artists by tricking unaware users into “investing” or “trading” crypto.

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How does the scam work?

Much like any scam involving dating websites, this scam involves establishing an online relationship. The scam artists create a faux identity complete with pictures and craft relationships with unbeknownst singles looking for love.

Once the scammer has built up a strong enough relationship, they ask the victim to invest in crypto. Scammers lead victims to a fake website where they can allow them to make a one-time withdrawal at a profit. However, as the victim continually invests, giving the scammers more money, their right to withdraw is revoked.

Popsci compares the scam to the all-time hustle classic: Nigerian Prince emails. Honestly, it's not surprising. As far as scams go, relationship scams are high up on the stealing-your-cash tier list. With that said, if anyone online ever asks you for anything, it's a smart idea to say, “hmm, nah”.

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