Scammers use romance 'as a hook to lure people into bogus investments, especially cryptocurrency,' warned the FTC. crypto bitcoin $BTC
The U.S. Federal Trade Commission has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019,” said the FTC.The U.S. Federal Trade Commission issued a warning Thursday about crypto-related romance scams. The FTC is an independent agency of the U.S.
A growing trend in 2021 was scammers using romance as a hook to lure people into bogus investments, especially cryptocurrency. In addition, the FTC noted that the median loss for consumers who reported paying a romance scammer with cryptocurrency in 2021 was nearly $9,770.People are led to believe their new online companion is a successful investor who, before long, casually offers investment advice.