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Crypto scammers are increasingly targeting unsuspecting young women on dating apps to rob their money. First, they befriend them on dating sites before brainwashing them to buy cryptos and shift the assets into fake accounts and exchanges, never to be heard from them again. Many victims have reported such incidences on apps like Hinge and Tinder lately. The fraudsters would send victims friendship requests or marriage proposals to win their trust. After they become friends, they advise them to invest in cryptos for their happy life ahead. They would persuade the victims to deposit the digital assets they purchased from genuine platforms into fake accounts or exchanges, which typically look real, before vanishing. The scammers also create fake mobile apps to expand their dragnet. The New York Times reported that a young woman was recently robbed of US$300,000 worth of Bitcoins (BTC) after the scammer brainwashed her to deposit them in his fake wallet. Interestingly, the young woman never met her virtual friend in person. In another incident, Niki Hutchinson was also robbed similarly by her virtual friend who promised her a serious relationship. According to the Daily Mail, Hutchinson had reportedly entered into a romantic relationship with the person on Hinge, a dating app.

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