Romance scams

Highlights: A man lost 20M of funds in a crypto romance scam, which was connected to fake investments in NFTs. Citibank is said to have disregarded fraud indications and processed questionable wire transfers. The lawsuit alleges that the bank has […]

Highlights: Debiex used fake romantic relationships to lure victims into fraudulent crypto investments. A US judge ordered Debiex to return $2.26M and pay a $221,500 penalty. Debiex’s “money mule” must transfer 63 ETH and USDT to a victim. Debiex has […]

Highlights: Hong Kong police arrested 27 people in a $46 million deepfake crypto romance scam targeting men across Asia. Scammers used AI deepfake technology to impersonate attractive women, luring victims into fake cryptocurrency investments. The syndicate recruited university graduates to […]

Highlights: The FTC warns of increasing crypto romance scams involving fake investment schemes. Scammers build trust through social media, posing as investment experts to steal money. Victims have lost substantial sums, with the FTC advising immediate disconnection and reporting of […]