Federal prosecutors in the United States have issued a stern warning regarding the rise of cryptocurrency-related romance scams, commonly known as “pig butchering,” as Valentine’s Day approaches. Law enforcement officials noted that bad actors are increasingly utilizing dating platforms and social media to target vulnerable individuals, building long-term emotional rapport before persuading them to invest in fraudulent digital asset schemes. According to recent data from the FBI’s Internet Crime Complaint Center (IC3), romance scams resulted in losses totaling billions of dollars last year, with cryptocurrency being the preferred medium for illicit transfers due to its perceived anonymity. Prosecutors advise the public to remain vigilant, avoid sharing financial information with online acquaintances, and report any suspicious investment solicitations to the authorities immediately.
Source: US Prosecutors Warn of Crypto-Linked Romance Scams Ahead of Valentine’s Day
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