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Cybercrime has been taking a new step in the world of cryptocurrency. As per the recent reports, the crime rate in the crypto market has been rapidly jumping up and the victims are being trapped. Recently, the Federal Bureau of Investigation (FBI) of the United States warned against the ongoing scams in a name of love. A statement issued by FBI and warned against rising crypto romance scams. This statement is shared during Valentine’s week as the complaint related to these scams have been rising much.
FBI issued a warning against the rise in romance scams in the San Francisco Bay Area. Maybe, the latest scam is on-trend in which cryptocurrencies are totally involved. A report was also shared in which it was stated that the victim within the division territory of FBI San Francisco lost more than $64 million to a romance scam in 2021. The scam was compared to 2020 which is more than $35 million in 2020. During Valentine’s week, these scams have only gained momentum.
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Just a few days ahead of Valentine’s day, the FBI San Francisco field office issued a statement and alerted the public about the hike in romance scams based on the complaints received with the FBI’s Internet Crime Complaint Center (IC3). Well, most of people don’t know the meaning of a romance scam so, let us tell you that a romance scam involves creating a fake account and the users try to convince the investors, both men, and women to transfer some funds in the name of getting romantic, as per the information shared by the FBI.
A post reads,” Victims within the FBI San Francisco division’s territory lost more than $64 million to romance scams compared to just more than $34 million in 2020″. According to the reports, the FBI logged about 742 complaints within the Northern District of California that was 720, and 526 complaints were lodged in 2020 and 2019.
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Along with this, the IC3 received over 23K complaints related to romance scams in 2020 which reports losses of more than $600 million. The scams started with capturing the attention and gaining the trust of the victims who are later redirected to the fraudulent platform citing the investment opportunities for them. To gain the trust of the investors, scammers ask investors to withdraw some profits from the initial trade. Later, scammers ask investors to invest more money or cryptocurrencies. Also, the scammers stop responding after the victims deny to add or send more funds.
