Indonesia Uncovers Cryptocurrency Fraud Scheme Through Dating Sites
Date: 2025-01-31 Author: Oliver Abernathy Categories: IN WORLD
The criminals created fake identities that lured single women with promises of romance, then convinced them to invest in digital assets through fake cryptocurrency platforms.
The scammers promised victims returns of 10 to 25 percent per month for investing in cryptocurrency through a specially designed app that was supposedly verified and safe. In reality, these were fake services designed solely to trick gullible users out of money.
According to law enforcement, the fraudsters focused on defrauding middle-class women from the Philippines, Vietnam, and Thailand who worked in the medical or legal fields. Financial data and materials related to cryptocurrency transactions were seized during the investigation. The scale of the criminal scheme and the exact number of victims are still being investigated.
The group of 20 people was led by a Chinese citizen known by the initials AJ. This person is currently wanted. It is important to note that such fraudulent schemes are becoming more common, and law enforcement agencies are actively combating crypto criminals.
Previously, the Canadian Anti-Fraud Centre (CAFC) and the Canadian Investment Regulatory Organization (CIRO) published information about the most common methods used by crypto scammers, including such schemes as “pig slaughter” and “romance scams.”
