60-year-old Bay Area woman lost $1.2M retirement fund to crypto scammer on LinkedIn.

A Bay Area woman in her sixties lost her $1.2 million retirement fund to a crypto scammer posing as a Google engineer on LinkedIn. After building trust, the scammer convinced her to invest in a fake platform, Xexbit.com, and to transfer more funds under false promises of profit. Now seeking help from law enforcement, she warns others about scams. Officials stress the need for social media platforms to enhance fraud prevention, as $50 billion was lost to scams last year.