Category: Romance Scams

Pig Butchering with MetaTraderU
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May 31, 2023

Urgent Warning: Don’t Be A Pig! Don’t Get Butchered! Do Not Fall For Tinder Trading Scams!

Anyone looking for love on the Internet can quickly become the focus of criminals. In Bavaria, Germany, alone, at least €20 million has been scammed via single exchanges and social networks, according to the Zentralstelle Cybercrime. Investigators call the rapidly spreading fraud method "Tinder Trading Scams." Scammers try to contact potential victims via dating portals such as Tinder or social networks such as LinkedIn.
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Romance scams and sextortion on the rise with cryptoR
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February 10, 2023

Romance Scams And Sextortion With Crypto Payments On The Rise!

The U.S. Federal Trade Commission (FTC) recently released a report on the status of romance scams. In the U.S. alone, reported losses to victims in 2022 were $1.3 billion. Unreported losses are likely to be many times that amount. Sextortion has risen particularly sharply. Victims of romance scams are blackmailed with explicit photos that they have carelessly submitted to the scammers. The payment to romance scammers is increasingly made via crypto, the FTC report concludes.
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