FTC issues urgent warning over rising crypto romance scams

The FTC asked users to report scammers to the government and warn their loved ones about the scam.

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The United States Federal Trade Commission (FTC) issued a consumer warning about romance scams involving cryptocurrencies. 

The FTC urged consumers to “cut off contact” with online love interests who may be trying to steal their funds by using crypto investing as bait.

These scammers employ long-term tactics, taking the time to get to know their victims and build relationships before executing their schemes.

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