24-Year-Old Loses $300K Inheritance to Crypto Romance Scam

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24-Year-Old Loses $300K Inheritance to Crypto Romance Scam
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The profits looked unbelievable. They were.

The Times also spoke to another victim, Tho Vu, with an eerily similar story; this time the charmer's name was Ze Zhao and the crypto exchange was OSL, but the plot points were all the same: Met on Hinge, texted for months without meeting , crypto investment advice... and another $300k disappeared without a trace.

FBI offices all over the country have been warning of the recent rise of the crypto romance scam — exacerbated by the loneliness of Covid and the trendiness of cryptocurrency. "The FBI San Francisco has seen a rising trend in which romance scammers are persuading individuals to send money to invest or trade cryptocurrency," it warned in a bulletin.

"Eventually, the scammer instructs the victim to invest a more considerable amount. When the victim is ready to withdraw funds again, the scammers create reasons why this cannot happen. The victim is informed additional taxes or fees need to be paid, or the minimum account balance has not been met to allow a withdrawal. Sometimes, a 'customer service group' gets involved, which is also part of the scam.

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