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U.S. Department of Justice Urgently Warns: Valentine's Day Love Scams Using Cryptocurrency to Swindle Funds, Single Cases Exceeding $8 Million
February 13 News, the U.S. Department of Justice issued a warning through the Northern District of Ohio Federal Prosecutor's Office, reminding the public to stay vigilant around Valentine's Day and to be aware of love scams centered on cryptocurrency transfers and fake investments. In the official statement, they straightforwardly said: “Cupid does not ask for cryptocurrency,” and pointed out that criminals are using dating platforms, social media, and chat apps to establish relationships, then inducing transfers by citing emergencies, travel expenses, or so-called high-return investments.
U.S. Prosecutor David M. Topfer stated that these scams are not about romance but are solely aimed at money. He urged the public to verify identities before any transfers and to avoid sending money to people they have never met. Law enforcement officials disclosed that scammers often forge identities using stolen photos, claiming to be overseas service members or engaged in international business, quickly expressing “deep affection,” then shifting conversations to private messaging apps, and ultimately demanding payments via encrypted assets, gift cards, or wire transfers.
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