What do you do if your online lover offers to teach you how to invest your money?
Crypto currency romance scams, also known as "pig butchering" scams, are a type of online fraud where scammers build fake relationships with victims on dating apps or social media platforms.
● How Crypto Currency Romance Scams Work?
👩❤️👨Earning trust
Scammers spend time building trust and express romance with their victims, often pretending to be successful professionals or investors.
🪙Introducing Cryptocurrency and Fake Trading Platforms.
Once trust is established, the scammer introduces to fake trading platforms that appear legitimate but are controlled by the scammers.
💔When victims try to withdraw their funds, they are met with various excuses, such as high fees, taxes, or account restrictions. Finally, the scammers disappear, leaving the victims with significant financial losses and emotional distress...
● How to Protect Yourself?
🔅Be cautious of online relationships.
🔅Beware of urgent requests to invest in cryptocurrency.
🔅Never send money or cryptocurrency.
🔅Research before investing
🔅Report it to the appropriate authorities.
