What is a crypto dating scam?
In the realm of cryptocurrency and online dating, a crypto dating scam typically refers to a deceptive practice where individuals seek to establish romantic relationships with unsuspecting victims in order to defraud them financially. These scams often involve the use of fake profiles on dating platforms or social media, with perpetrators luring victims into believing they've found a genuine romantic interest. Once trust is established, the scammers will typically manipulate the victim into investing in cryptocurrencies, often promising unrealistic returns, or convince them to send cryptocurrency directly to them. The end result is a significant financial loss for the victim, who has fallen prey to a calculated and heartless scheme.