US prosecutors warn of crypto-targeting ‘romance scams’ ahead of Valentine’s Day

Source
Uk Jin

Summary

  • The U.S. Attorney’s Office for the Northern District of Ohio said romance scams targeting virtual assets (cryptocurrencies) could surge ahead of Valentine’s Day.
  • Authorities said crimes are spreading in which perpetrators exploit online romantic relationships to deceive victims and steal virtual assets.
  • They urged extra caution over romance scams, including demands made via dating apps for transfers under the pretext of virtual-asset payments or investment remittances.

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Concerns have been raised that romance scams targeting virtual assets (cryptocurrencies) could surge ahead of Valentine’s Day.

According to Decrypt on the 13th (Korea time), the U.S. Attorney’s Office for the Northern District of Ohio said in a notice that “crimes are spreading in which perpetrators exploit online romantic relationships to deceive victims and steal virtual assets,” adding that people should “be on guard against romance scams ahead of Valentine’s Day.”

A romance scam is a scheme in which scammers deliberately approach victims through dating apps and other channels, build intimacy, and then demand transfers under the pretext of virtual-asset payments or investments to swindle assets.

Authorities explained that as Valentine’s Day approaches and dating-app usage increases, fraudsters’ activity could also intensify by preying on that trend.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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