North Kingston Police Discuss Growing Crypto Scams.
15 May 2023, 08:00
North Kingston Police Discuss Growing Crypto Scams
Police in North Kingston are warning residents about a whole new array of crypto-based scams that have made themselves prominent in the area.
Crypto Scams: Will They Ever Stop?Crypto scams are nothing new. In fact, they’ve practically been around since the industry was first developed nearly 15 years ago, but never have they taken on such drastic and varied forms. For example, among the most prominent forms of digital currency scams as of late are romance scams, which seek to target those looking for love online.
Many crypto scammers will set up fake or phony online “love” profiles. They narrow in on their victims and establish long-term relationships. They get to know them, they make things feel very personal and clear, and before long (once they’ve gotten their victims’ trust and attention), they tell the other parties about “fantastic” new crypto investment opportunities, and that they’d be fools to avoid getting in on the action.