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A Colorado man lost $1.4 million to a crypto romance scam on Ashley Madison, marking the state’s largest such fraud.
A Colorado man lost $1.4 million in a cryptocurrency romance scam after connecting with a woman on Ashley Madison, believing her claims of financial expertise and emotional support during a divorce.
Over six weeks, he transferred his life savings into a fake digital wallet, only to discover he had been deceived.
Authorities call it the largest online romance scam in state history, with funds traced to a cold storage wallet whose owner remains unknown.
Recovery is hindered by the need to move money through cooperating exchanges, which are not always willing to assist.
Meanwhile, romance scams targeting adults over 55 in the UK have risen 52% in a year, with victims losing an average of £8,068.
Scammers use fake profiles on dating sites, social media, and gaming platforms, building rapid emotional bonds and demanding money for fabricated emergencies.
Experts warn against sending money to online contacts and urge immediate reporting of suspicious activity.
Un hombre de Colorado perdió $1.4 millones en una estafa de cripto romance en Ashley Madison, marcando el mayor fraude de este tipo en el estado.