Why Crypto Scams Are Driving an Online Crime Boom —And How to Outsmart Them

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Why crypto scams are driving an online crime boom—and how to outsmart them 📝 iododds

fter two months, Tho Vu was infatuated. The 33-year-old customer service agent, living in Maryland, had met “Ze Zhao” through a dating app, and says she quickly began exchanging messages with him all day on WhatsApp. He seemed like someone she could rely on—he called her “little princess” and sent her reminders to drink enough water. By October 2021, despite never having met in person, they were talking about where to buy a house, how many kids to have, even how he hoped she’d do a home birth.

Only when Vu tried to withdraw her gains did she realise that Zhao was a fiction—and so was that trading site. She’d been sending those tokens straight to a team of professional crooks. It was a so-called—also known as a crypto-romance—in which criminals spend weeks or months gaining victims’ trust. Vu says she lost about $306,000, including her investment and additional payments she was told were fees and taxes by the fake exchange.

into bailing out its Wormhole crypto platform after a massive hack. Meanwhile, the rush of everyday investors into crypto has created a wealth of new targets.Many people assume that cryptocurrency is so popular with criminals because tokens move anonymously. In practice, major digital currencies such as Bitcoin and Ether are actually very trackable. Every transaction is permanently recorded on a public blockchain—essentially a decentralized database.

 

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Scams.

Absolutely right. So many many cryptocurrency scams😭🤣😭🤣

Brain-control only bully others, we don’t need to consider anything else, only use violence for it. That is the summary of my life experience! Countries to China and Chinese all over the world is like that. The people who are injured by brain-control must use nuclear weapon!

Because big institutions and tv programs keep giving legitimacy to it by talking about it in a more than deserved positive tone.

Thank you!

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As they say “there’s a sucker born every minute.” It doesn’t take a genius, a computer wizard or an FBI detective to avoid online scams. It takes just a bit of old fashioned sense. I don’t feel one bit sorry for this “victim.” She/he was just foolish.

Hello, surely you have friends with economic privileges of white skin you could tell them to share a little of their privileges with me, not to be racist with me for having my skin of color, to help me for PayPal TIME ERES SUPREMACISTA BLANCO, NO COMPARTES TUS PRIVILEGIOS

Romance scams have been on an awful long time

🤔 “She’d been sending those tokens straight to a team of professional crooks. It was a so-called pig-butchering scam—also known as a crypto-romance—in which criminals spend weeks or months gaining victims’ trust”

quick you can update the article and include the $625 Million hack on AxieInfinity !

I'm just glad I found a reliable app for my trading and investments. Has the best rates and easiest app to use so far as a beginner!! I love this Abra app. Anyone else used this before? Wanna hear more thoughts about wealth management 🙏

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I know we all probably must have heard about stock market but don't know how it works, DM for guidance on how to start making enough profit on a weekly basis without sending anyone your money, no other requirements or experience needed.

iododds How to outsmart them: Stay TF away from crypto. Problem solved. You’re welcome.

iododds The currency preferred by rogues!

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