Questions tagged [romance scam]

StarlitFantasy Sat Jul 13 2024 | 7 answers 1756

Could you elaborate on what a cryptocurrency romance scam entails? I've heard whispers about this phenomenon but am not entirely clear on the specifics. I'm curious to understand how it works and how vulnerable individuals might fall victim to such a scam. Does it typically involve the use of fake online profiles to establish emotional connections, followed by requests for cryptocurrency investments or transfers? What are some of the telltale signs that someone may be engaging in such a scam? Your insights would be greatly appreciated.

Nicola Sat Jun 22 2024 | 7 answers 2054

Could you elaborate on whether international crypto investment fraud often takes the form of a romance scam? I've heard stories of individuals being lured into investing in cryptocurrencies through the guise of a romantic relationship, where the perpetrator eventually disappears with the victim's funds. Is this a common occurrence in the crypto world, or are these isolated incidents? I'm interested in understanding the overlap between crypto investment fraud and romance scams, and how investors can safeguard themselves from falling victim to such schemes.