Tinder might have an alternative meaning to being “bitten” by the lovebug, since crypto-scammers are flooding the site daily and creating more innovative ways of getting their messages out.

Scammers Continue to Profit from Well-Known Schemes

Scammers have been using some classic affection baiting techniques to gain access to stranger’s crypto wallets – for instance, emotional manipulation. The most common method of fraud is called “catfishing”. Initial, the hacker presents the victim with a compelling and elaborate story. Afterwards, the hacker asks for keys to their victim’s crypto wallets in exchange for nude photos or erotic videos in exchange. The fraudsters often create a fake Tinder profile to seduce men into giving their crypto wallet details.

Fake Tinder Verification is another well-known trick. Tinder users who aren’t tech-savvy cannot tell the difference between genuine Tinder Verification and third-party apps. This is why fraudsters target them. The bad guys send their victims links claiming that they can easily verify their Tinder account by just filling out a form. Once the form is filled out, the scammer can gain access to the victim’s crypto wallets using their name, email, credit card numbers and a list of their most-used passwords.

Tinder Crypto Scammers are Getting Better at It

Recently, a story from Texas surfaced about victim Divya Gadasalli, who said that she had lost a whopping $8 million in crypto left to her by her late father’s estate. The alleged perpetrator was Jerry Bulasa, though the person’s real name could not be confirmed. The victim was likely to have been robbed by Jerry Bulasa who is most likely using a fake name. He managed to steal $8 million in just two months. Bulasa used a fraud technique called ‘pig butchering’, whereby he built an emotional connection with the victim and filled her account. He quickly emptied her cryptocurrency accounts completely and left the girl behind.

After her father’s assassination in 2015, Divya Gdasalli had access to millions. After her father’s murder in 2015, Divya Gadasalli met an individual on Tinder and was conned of $8 million. This is a form of cryptocurrency fraud that has come to be called “pig butchering”. https://t.co/xPMprPCwLv

— Bloomberg Crypto (@crypto) May 5, 2022

Netflix documentary ‘Tinder Swindler’, which covers the notorious case of Shimon Hayut, tells the story of a scammer that managed to steal around $10 million over the period of a couple of years from several women. It could be said that Jerry Bulasa’s quick and effective scam put the famous ‘Tinder Swindler’ to shame.

It’s possible to save your money by being extra cautious

The number of crypto-related cases of fraud are increasing, but this could be easily avoided. First of all, people shouldn’t be so quick to trust people they have never actually met. There are many anti-fraud organizations that can assist you in dealing with Tinder scams. However, none of these agencies will guarantee your recovery. The best thing is to remain calm and not get overwhelmed by emotions.

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