Cryptocurrency dating app

Though some customers insist on denying it, cryptocurrency scams exist and create severe issues amongst buyers. Since cryptocurrencies have been created, and now with their exponential progress, some of these unlawful actions have elevated significantly. Now there are an increasing number of scammers who use strategies of various varieties, and the one that we are going to discuss right now is kind of well-known, but it surely has been up to date a bit. In keeping with just lately revealed info, a person has acknowledged that he misplaced his life financial savings to a cryptocurrency rip-off. Steve Belcher is the sufferer of this rip-off and claims that he met a lady on an internet relationship app.

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Content:

• RELATED SCAM STORIES
• Man who lost £150,000 in cryptocurrency scam by woman he thought he was in a relationship with
• Bitcoin Scammers Targeting iPhone Users via Dating Apps Like Tinder, Bumble: Report
• Cryptocurrency Romance Scams Are on the Rise
• Sex, Lies and Cryptocurrency
• Scammers Stole $14 Billion in Crypto in 2021. Here’s How Investors Can Protect Their Coins
• Scammers tricked dating app users into investing $1.4M in fake crypto apps
• My Crypto Obsession Ruined My Relationship
• International cryptocurrency scam ring targets European dating app users
• Tinder date was a front for a cryptocurrency trading scam that robbed woman of her savings

WATCH RELATED VIDEO: Dating Scam Turns Love Seekers into Bitcoin Money Launderers

RELATED SCAM STORIES

By Stephen Wynn-davies For Mailonline. Tom, who is in his 30s and using a pseudonym to protect his real identity, was the victim of an elaborate cryptocurrency scam that started through a dating app and conned him out of his life savings.

He met a woman online who encouraged him to trade Bitcoin which initially returned a profit, manipulating Tom into believing the scam was legitimate and worth further investment. Avon and Somerset Police said no arrests or charges have been made in relation to this incident and the investigation has been 'filed pending further information being provided', a spokesman confirmed.

Tom's experience prompted police to warn people about a sharp rise in online fraud involving victims being tricked into thinking they are in a romantic relationship when they are really being conned out of money.

Tom, who is in his 30s and using a pseudonym to protect his real identity, was the victim of an elaborate cryptocurrency scam that started through a dating app and conned him out of his life savings stock image. Tom, from Weston-super-Mare said he was struggling with a break-up in when he decided to join a dating site with females from outside of the UK, and was approached by Jia, who said she was in her lates and lived in Hong Kong.

Before long, she requested the conversation move from the dating website onto WhatsApp. She only showed part of her face. Tom had few pictures of her, although he did ask for more. He said: 'Issues were flagging up to me, but everything she was doing to build up trust with me was enough to keep me there.

Police said Jia wasted no time in introducing her hidden agenda when, on the second day of speaking to Tom, she asked if he knew anything about cryptocurrency Bitcoin BTC.

But Jia kept showing Tom screenshots of how much money she was making and sending pictures of her business and Porsche that she apparently owned. Communication between the two was not always about money, police said, but Jia often made it clear she was a successful investor with plenty of money and her own business. They would discuss their personal lives and quite soon after meeting online, she told Tom she loved him. The victim met a woman online who encouraged him to trade Bitcoin which initially returned a profit, manipulating him into believing the scam was legitimate and worth further investment stock image.

Afterwards, Tom was directed to an online trading platform and was instructed by Jia to download the app to his phone. Initially, Jia advised him to trade in a crypto token called FWD. A subsequent search into the token showed it was likely fabricated for the purposes of fraud. Jia guided Tom through all trading, advising him when to make and close a trade, police said. The advice he was given was to trade in a crypto token called FWD, which subsequent searches showed was likely fabricated for the purposes of fraud.

Still unsure about the legitimacy, Tom was reassured when the scammers showed his initial investment had made a profit and he was also able to withdraw it. Encouraged, Tom decided to invest again but this time doubled the amount of money. The next time, he put down five times the amount of his initial investment.

He described it as 'a gradual process' but the profits were continuing. He tried holding some money back but was by now investing large sums of money. Jia told him it was a 'rare opportunity' to make increased profits, which he would need to invest quickly or he would miss out. This 'bullied him' into investing his remaining Bitcoin currency, only for investment to be wiped out, leaving him with nothing. Jia assured him by saying she had also lost large sums of money, but that she was now successful and leading a life of luxury.

At this stage, Jia said she had to go to Australia to care for her sick aunt and disappeared. Still sceptical, Tom said he needed to build his confidence with the website and again prove its legitimacy by withdrawing money.

After making a profit on his first trade and successfully withdrawing it as expected, Tom decided to increase the amount invested. He doubled it to 0. Again, more profit was made and the next investment was 0. She reminded him they were going to build a 'wealthy lifestyle together'. Jia had managed to reassure Tom by telling him her aunt was a knowledgeable investor and was supplying the information. Although he was making money in what he believed to be a legitimate investment opportunity, Tom decided to keep some money back.

But Jia told him there was a 'rare opportunity' to make increased profits, which he would need to invest quickly or he would miss out. Police said Tom was bullied into investing the remaining amount of his BTC, only for his investment to be wiped out.

I was sick to my stomach. I will always be by your side. I love you. Tom said he was 'significantly affected' - both physically and mentally - by what had happened. As well as support from family and friends, Tom sought advice from occupational health at work, who encouraged him to report what happened to police and Action Fraud. Tom said: 'To at least know that it was being looked at was a lot more than I expected to come from this report.

A spokesman for Avon and Somerset Police told MailOnline while no arrests or charges have been made in relation to this matter, the investigation has been 'filed pending further information being provided'. Tom said he still thinks about what happened when he lies in bed at night, and still has particularly bad days. The break-up left me feeling flat. I was unhappy and just generally sad.

Source: Avon and Somerset Police. I feel like I can be manipulated by women now to my detriment. Figures released by the Avon and Somerset Police show not just elderly people are targeted by 'romance fraud' and a pretty much even gender split of 47 to 40 women to men, with 13 per cent of cases not registering a gender for the victim.

The figures also show that victims in the Avon and Somerset area in the past year have included everyone from teenagers to people in their 90s. The most common age for a victim of romance fraud in Avon and Somerset is between 40 and 60, but just as many people in their 20s and 30s are falling victim to the con as pensioners.

Police say many victims of this kind of con - which they call romance fraud - may never come forward to report it, seek help or get support, not only for the financial aspects, but the emotional trauma of thinking they are in a relationship with someone, albeit one online, only to find they have been betrayed and lost money. A huge thank you to Tom for looking to help us create awareness and stop others from falling into the same trap. Amy Horrobin, a fraud protect officer at Avon and Somerset police, added: 'In terms of investments, it can be really difficult to tell a genuine investment opportunity apart from a fraudulent one - even experienced investors have been caught out.

Do your research and seek independent financial advice before committing to any investment. I find comfort in being able to help others. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

Argos AO. Privacy Policy Feedback. Share this article Share. The investment was then converted to US Dollars. She told him they were going to build a 'wealthy lifestyle together'. This helped reassure Tom and encouraged him to make more investments. Make friends and family aware of the signs of romance fraud so that they are conscious of the tactics criminals use to carry out these scams and reiterate that you should never transfer money to someone that you have never met in person.

Encourage people to report to Action Fraud and the police if they have become a victim of romance fraud and not to be embarrassed about doing so. Comments Share what you think. View all. Bing Site Web Enter search term: Search. Kirstie Allsopp is all for some facial renovation Some women in the public eye let themselves age naturally No, Kiefer Sutherland is just a country boy It begs the question, can Hollywood A-listers really sing the blues?

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Man who lost £150,000 in cryptocurrency scam by woman he thought he was in a relationship with

Enter keyword s to search for the articles,events,business listing and community content. You can use letters:a-z,A-Z and numbers Police are warning the public of a new scam making the rounds, in which a suspect posing as an attractive woman persuades victims to deposit money on a bogus cryptocurrency site. According to Toronto Police Service, the long-game con starts when a victim meets the suspect on either social media or through dating apps. The suspect, posing as an attractive woman, starts a conversation with small talk and then over several days claims that she has recently been successful investing in cryptocurrencies. The suspect provides the victim with a website that resembles a cryptocurrency exchange and encourages the victim to make a deposit. That balance is manipulated to appear as if the investment has gained a substantial amount, and the victim is encouraged to deposit more money.

Bitcoin Scammers Targeting iPhone Users via Dating Apps Like Tinder, Bumble: Report

Total losses are expected to be much higher and scammers are now using dating apps to lure victims into investment scams. This new technique, called romance baiting, involves scammers meeting people on dating apps and then moving the conversation to an encrypted chat site. Scammers often encourage victims to initially transfer a small amount of money to prove how easy the investment is. Victims will be told to top up their accounts to increase their profits but when they run out of money to transfer, the scammer will cease all communication. The victim starts to develop feelings in return, making them more likely to participate in the investment scam. For example, if someone reports a potential scammer on a dating app, the profile can be removed. Other people currently communicating with the scammer on the platform are then protected by the removal of the scammer's profile. If you have been the victim of a scam, contact your bank as soon as possible and contact the platform on which you were scammed to inform them of the circumstances. More information on scams is available on the Scamwatch website , including how to make a report and where to get help.

Cryptocurrency Romance Scams Are on the Rise

Here's What Investors Should Know. Ethereum Just Hit a 6-Month Low. Upgrade Bitcoin Rewards Card: 1. There Are Thousands of Different Altcoins. Megan DeMatteo is an editor and poet based in New York.

Sex, Lies and Cryptocurrency

Not everyone using online dating sites is looking for love. Scammers create fake online profiles using photos of other people — even stolen pictures of real military personnel. They profess their love quickly. And they tug at your heartstrings with made-up stories about how they need money — for emergencies, hospital bills, or travel. Why all of the tricks? The scammers transfer stolen money into the new account, and then tell their victims to wire the money out of the country.

Scammers Stole $14 Billion in Crypto in 2021. Here’s How Investors Can Protect Their Coins

Internet cons have surged in the Covid crisis, with some victims left with little recourse to recover cash. The man, who said his name was David, was friendly and chatty. After a few days he started telling me about crypto trading and how he could show me how it worked and how I could earn money from it. It seemed like a genuine connection. Dating scams surged during the lockdowns, with Which? Binance is a cryptocurrency exchange — a website where investors can buy into digital currencies including bitcoin and ethereum. Barclays, Monzo and Starling Bank have already done likewise, blocking transfers to Binance and other websites.

Scammers tricked dating app users into investing $1.4M in fake crypto apps

In May, we published a report about scammers using dating sites and apps to social-engineer victims into installing fake cryptocurrency apps on iPhone and Android. At the time, the evidence suggested the crooks behind these apps were exclusively targeting victims in Asia. We have learned of victims in Europe, most of them iPhone users, who have lost thousands of dollars to crooks through these scams. A report issued by Interpol early this year warned about this growing type of fraud, noting that these scams target vulnerable people—particularly those who are looking for potential romantic partners through dating applications and social media platforms.

My Crypto Obsession Ruined My Relationship

RELATED VIDEO: Trolling China's Pretty Tinder Scammers

The fraud tactic is known as sha zhu pan - or "pig butchering" - in a sick reference to how the target is said to be "fattened up" ready for slaughter. It sees professional con artists - often linked to Chinese mafia - spend months building victims' trust before pushing them to invest in bogus get-rich-quick schemes. After moving to Denver, year-old dad Steve decided to try dating app Hinge, where he came across a profile with the name Shizuka Suzuki - who also appeared to be in the same area. Steve says that despite his efforts there was always an "excuse" such as business trips or other obligations that Suzuki could not meet him in person. But crypto is a risky way to invest , and the UK regulator has warned Brits to be wary of how quickly its price can go up and down, as well as the lack of protection if anything goes wrong.

International cryptocurrency scam ring targets European dating app users

In , in the first few days of June, the new mobile application Nimses literally took the 1st place in the number of downloads in the App Store, and it holds high positions in Google Play. Moreover, the number of users is growing at a tremendous rate even now. They are everywhere and, literally, around us. Do you want to earn money and meet Russian girls online? Then check the app for yourself.

Tinder date was a front for a cryptocurrency trading scam that robbed woman of her savings

Tom, which is not his real name, was the victim of a cryptocurrency scam that started through a dating app. He said: "Trust was built but in the blink of an eye, everything was gone. I was sick to my stomach.