America’s crypto holders are suffering huge losses due to romance

A large number of crypto holders in the US are being targeted by scammers. Cases of scamming low-income crypto investors with the allure of romance are on the rise in the US. Most of the victims in such cases are in the age group of 20-40 years.

In this regard, a report by BanklessTimes states that crypto investors in the US have lost about $ 185 million in such cases from the beginning of last year to March this year. In addition, these investors have lost more than $1 billion in other fraud cases. BanklessTimes CEO Jonathan Merry said, “Investors are at a disadvantage when it comes to romance. Their quest for romance makes them a target for fraudsters. This attraction is such that it makes a lot of people fall prey to it.” and they suffer great loss till they come to know the reality.”

Last year, Sophos cybersecurity researchers identified a bitcoin wallet worth approximately $1.4 million. These bitcoins were collected from people fraudulently on popular dating apps. In the last few months, there has also been an increase in the cases of scams on social media showing the attraction of romance with people. A unit of the Federal Bureau of Investigation (FBI) also warned about this on Twitter. In this, people were advised not to share personal and sensitive information with unknown people.

Apart from this, scams related to investment are also happening with the American people. Crypto scammers are now also using LinkedIn as a means of fraud. America’s investigative agency FBI has given this information. Crypto scammers are contacting LinkedIn users by posing as professional financial advisors. These users are being offered scam schemes. A CNBC report quoted FBI Special Agent Sean Ragan as saying that some users have suffered losses ranging from $2 million to $1.6 million due to crypto scams. Ragan had said, “It is necessary to put a stop to this type of fraud as there can be many victims of it. Many people have been harmed by this.”

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