MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Cryptocurrency Losses Soar in Romance Scams

November 2, 2021
in Scams
Reading Time: 2 mins read
A A
Cryptocurrency Losses Soar in Romance Scams
ShareShareShareShareShare


Anatomy of a Cryptocurrency Investment Scam

The FBI outlines the eight steps that a cryptocurrency investment scam commonly follows:

1.  The scammer’s initial contact is typically made via dating apps and other social media sites.

2.  The swindler gains the confidence and trust of the victim by establishing an online relationship and then claims to have knowledge of cryptocurrency investment or trading opportunities that will result in substantial profits.

3.  The con artist directs the victim to a fraudulent website or application for an investment opportunity.

4.  After the victim has invested an initial amount on the platform and sees an alleged profit, the scammers allows the victim to withdraw a small amount of money, further gaining the victim’s trust.

5.  After the successful withdrawal, the criminal instructs the victim to invest larger amounts of money and often expresses the need to “act fast.”

6.  When the victim is ready to withdraw funds again, the scammers invents reasons as to why this cannot happen. The victim is informed that additional taxes or fees need to be paid, or the minimum account balance has not been met to allow a withdrawal.

7.  This claim entices the victim to provide more funds. Sometimes a “customer service group” gets involved, which is also part of the scam.

8.  Victims are not able to withdraw any money, and the scammers most often stops communicating with the victim after they cease to send additional funds.

Tips to protect yourself:

  • Never send money, trade or invest based on the advice of someone you have met solely online.
  • Do not disclose your current financial status to unknown and untrusted individuals.
  • Do not provide your banking information, Social Security number, copies of your identification or passport, or any other sensitive information to anyone online or to a site that you do not know is legitimate.
  • If an online investment or trading site is promoting unbelievable profits, it is most likely that — unbelievable.
  • Be cautious of individuals who claim to have exclusive investment opportunities and urge you to act fast.

Credit: Source link

ShareSendTweetPinShare
Previous Post

Police forces jump into AnubisDAO saga after $60 million ‘rug’

Next Post

How to Avoid a ‘Squid Game’ Crypto Scam

Next Post
How to Avoid a ‘Squid Game’ Crypto Scam

How to Avoid a 'Squid Game' Crypto Scam

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Secret Network Validator Smart Stake to Shut Down Nodes

Secret Network Validator Smart Stake to Shut Down Nodes

January 31, 2023
Hermes vs. NFT Artist Could Help Define Legal Landscape for Digital Assets

Hermes vs. NFT Artist Could Help Define Legal Landscape for Digital Assets

January 30, 2023
Four principles for crypto regulation

Four principles for crypto regulation

January 30, 2023
Bitcoin Difficulty Rises By 4.68%, Hits New All-Time High

Bitcoin Difficulty Rises By 4.68%, Hits New All-Time High

January 30, 2023
This New Crypto is Disrupting the Health and Fitness Landscape – Be An Early Adopter!

This New Crypto is Disrupting the Health and Fitness Landscape – Be An Early Adopter!

February 1, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • FBI seizes $100,000 in cryptocurrency and NFTs
  • Price Prediction: By February 9, 2023, Zilliqa (ZIL) Value Will Increase to $0.045938
  • Shiba Inu community urges Binance to list BONE with huge petition

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,333.00 0.37%
  • ethereumEthereum (ETH) $ 1,666.57 0.25%
  • tetherTether (USDT) $ 1.00 0.22%
  • bnbBNB (BNB) $ 329.74 0.88%
  • usd-coinUSD Coin (USDC) $ 1.00 0.04%
  • xrpXRP (XRP) $ 0.411488 0.09%
  • binance-usdBinance USD (BUSD) $ 1.00 0.08%
  • cardanoCardano (ADA) $ 0.398918 0.98%
  • dogecoinDogecoin (DOGE) $ 0.095421 2.25%
  • matic-networkPolygon (MATIC) $ 1.25 0.93%
  • okbOKB (OKB) $ 40.97 0.3%
  • solanaSolana (SOL) $ 24.37 1.35%
  • shiba-inuShiba Inu (SHIB) $ 0.000015 10.53%
  • staked-etherLido Staked Ether (STETH) $ 1,660.31 0.28%
  • polkadotPolkadot (DOT) $ 6.88 1.91%
  • litecoinLitecoin (LTC) $ 98.43 2.45%
  • avalanche-2Avalanche (AVAX) $ 21.02 1.45%
  • tronTRON (TRX) $ 0.064100 0.1%
  • uniswapUniswap (UNI) $ 7.21 2.29%
  • daiDai (DAI) $ 0.999149 0.04%
  • cosmosCosmos Hub (ATOM) $ 14.61 2.57%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,295.00 0.62%
  • chainlinkChainlink (LINK) $ 7.23 0.67%
  • the-open-networkToncoin (TON) $ 2.32 1.62%
  • ethereum-classicEthereum Classic (ETC) $ 23.94 2.78%
  • leo-tokenLEO Token (LEO) $ 3.44 1.65%
  • moneroMonero (XMR) $ 171.77 0.19%
  • aptosAptos (APT) $ 16.73 1.24%
  • bitcoin-cashBitcoin Cash (BCH) $ 137.61 0.07%
  • stellarStellar (XLM) $ 0.092981 0.19%
  • apecoinApeCoin (APE) $ 5.89 1.54%
  • nearNEAR Protocol (NEAR) $ 2.51 0.09%
  • crypto-com-chainCronos (CRO) $ 0.083624 1.61%
  • filecoinFilecoin (FIL) $ 5.52 2.48%
  • quant-networkQuant (QNT) $ 141.87 2.52%
  • algorandAlgorand (ALGO) $ 0.266995 1.65%
  • hedera-hashgraphHedera (HBAR) $ 0.073121 0.95%
  • lido-daoLido DAO (LDO) $ 2.21 6.61%
  • vechainVeChain (VET) $ 0.024940 0.54%
  • fantomFantom (FTM) $ 0.618514 1.09%
  • internet-computerInternet Computer (ICP) $ 5.81 1.12%
  • decentralandDecentraland (MANA) $ 0.782662 0.8%
  • the-sandboxThe Sandbox (SAND) $ 0.776222 1.04%
  • axie-infinityAxie Infinity (AXS) $ 11.40 0.69%
  • aaveAave (AAVE) $ 88.91 2.58%
  • eosEOS (EOS) $ 1.11 1.18%
  • flowFlow (FLOW) $ 1.16 2.44%
  • elrond-erd-2MultiversX (EGLD) $ 46.38 0.85%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000194 1.83%
  • theta-tokenTheta Network (THETA) $ 1.12 0.02%