Minnesota man loses $9m in LinkedIn crypto romance scam
A man from Minnesota has fallen prey to a crypto romance scam that has cost him a staggering $9 million. The scam originated from a LinkedIn connection that lured him with false promises of quick wealth and professed love. According to reports on Aug. 2, the scam involved instructing the victim to make substantial deposits from his US Bank account into other bank accounts for supposed crypto currency investments. However, instead of investing on the victim’s behalf, the scammers funneled the money into encrypted digital crypto wallets under their control. The victim was made to believe that he was investing in “Coinrule-web3.” He even witnessed apparent profits, reinforcing his belief in the scheme’s legitimacy. Unfortunately, this was all part of the deception, and the scammers eventually demanded an exorbitant $2.8 million fee to release the alleged windfall. You might also like: Scams surge, crypto regulation in US, Worldcoin’s privacy concerns |...