Love in the Time of Crypto Scams

By Aleksandra Wilson
4 min read October 12, 2021

As the number of dating apps skyrocketed in the last few years, so did the crypto scams linked to them. Nowadays, dating has become as easy as picking up the phone and clicking a few times here and there. Getting a date is not a hustle as it used to be; it’s never been easier than it is today. Long gone are the days where it was needed to go up and start talking to a random person to score a date. Now, even the most isolated loner knows how to use a phone. Anyone can download one of the thousands of dating apps, such as Tinder, and start swiping left and right. This is convenient for many users out there interested in crypto as well. Although buyers are careful, not all that glitters is gold.

The Facts

In the first quarter of 2021, the worth of crypto scams went up to reach $1.2 billion, according to a report from a famous firm specialized in crypto security that studied the activity of scammers, thieves, and fraudsters. We can all recognize the tell-tale signs, the “giveaways” in social networks such as Twitter, Facebook, and Instagram. Identifying fake accounts can be relatively a piece of cake. Users pretending to be Elon Musk or Mark Zuckerberg are easily spotted by the username being misspelled and the account not having more than a few followers. And one of the most significant red flags to notice is the following: why would someone like Elon Musk give away money out of the blue? Although these signs might be pretty easy to spot, unfortunately, it seems that crypto scammers have upped their game.

The Tinder Crypto Scams

According to recent info shared on Public Service Announcements of Reddit, a significant number of scammers moved their “business” to Tinder. The general MO of the scammers is to play the long game patiently. They use their charms to lure potential victims into a fake sense of security. Once they feel their target trusts them, they “conveniently” offer them an insider tip on an exchange, typically of some new crypto. This generous tip is the bait the scammers wish for the victim to bite.

Useful Tips to Avoid Crypto Scams

It’s believed that only last month $60,000 was stolen by these exchanges. It’s evident that common sense or critical thinking is not used to avoid crypto scams. However, there are a few tips that could be of help. After deeper investigation, it was noticed that many Tinder users that were targeted reported being sent to buy a token called PCT at an exchange under the name “add-ex.io.” Based on the experiences of those Tinder users, the company RedMarlin put together a list of tips to avoid crypto scams.

Among the main ones are: 

  1. Avoid websites that are not adequately secured, particularly the ones without SSL certificates.
  2. Determine that the site is authentic by looking for their official physical address and looking for the firm’s reviews.
  3. Steer clear from tokens that aren’t listed on popular platforms; some websites offer information about all digital currencies.

Conclusion 

In this fast-changing world we live  in, it is critical to avoid getting  tricked. Not only to steer clear from the unpleasant experience of feeling double-crossed but also to avoid a potential strong hit to your finances. When it comes to love, crypto, and dating apps, it’s better to keep your eyes wide open. Although keeping an open mind is essential, dating apps might not be for everyone in the first place. Many people get scammed either way There are many ways you can get scammed, but this new method is blooming, and everyone using dating apps  should be aware of it.

Load more sync