Gold

Strong

Rise

<div class="finbold">
 <p class="paragraph">Each year Valentine’s Day brings with it the promise of love and connection, it’s crucial to remember that not all that glitters is gold. In the age of online dating, romance scams have surged, with scammers exploiting emotions to cause significant financial harm.</p>
 <p class="paragraph">Cryptocurrency, while a modern convenience, has also become a tool in these frauds. However, leaders in the crypto industry, such as Binance, are fighting back with rigorous security, compliance, and education to protect users.</p>
 <p class="paragraph">Binance’s 2023 statistics reveal that <a rel="noopener noreferrer nofollow" title="romance" href="https://thebittimes.com/tag/romance.html">romance</a> <a rel="noopener noreferrer nofollow" title="scams" href="https://thebittimes.com/tag/scams.html">scams</a> constituted about 2% of all reported scam incidents. While this figure may appear small at first glance, the aggregate financial impact on victims was substantial, exceeding tens of millions of dollars, with an average loss of nearly $14,000 per victim. This highlights the significant financial threat posed by dating <a rel="noopener noreferrer nofollow" title="scams" href="https://thebittimes.com/tag/scams.html">scams</a>, emphasizing the critical need for increased vigilance and preventive measures within the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency community.</p>
 <h2 class="wp-block-heading" id="h-rise-in-crypto-scams">Rise in crypto scams</h2>
 <p class="paragraph">The rise of romance scams is alarming, with the US Federal Trade Commission reporting a staggering increase in complaints and financial losses over the years. Finbold had previously reported romance scams cost Americans almost $350 million in 2021.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Missouri enshrines right to trade Bitcoin into law <span class="self-center text-xs text-slate-500">29 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Sell signal for 2 overbought <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies this week <span class="self-center text-xs text-slate-500">16 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Altcoin expansion alert: Expert traders await the pump <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Gold crashes below $2,000 but Peter Schiff thinks it's ‘bullish’ <span class="self-center text-xs text-slate-500">19 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Notably, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency, though not the most common payment method in these <a rel="noopener noreferrer nofollow" title="scams" href="https://thebittimes.com/tag/scams.html">scams</a>, still accounts for a significant portion of the losses. However, the notion that <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency inherently facilitates <a rel="noopener noreferrer nofollow" title="scams" href="https://thebittimes.com/tag/scams.html">scams</a> is misleading. Industry efforts, particularly by Binance, are making strides in reducing the impact of such fraudulent activities. Strong security measures, compliance, and user education are key in combating these crimes.</p>
 <p class="paragraph">Binance’s commitment to security is evident in its collaboration with law enforcement agencies worldwide, processing thousands of information requests, conducting training, and raising awareness about scam tactics and prevention. Despite romance scams constituting a small percentage of total scam reports, the financial impact on victims is considerable, with losses running into tens of millions of dollars.</p>
 <p class="paragraph">The crypto exchange actively promotes a secure cryptocurrency environment by partnering with global law enforcement. In 2023, its dedicated team, with over 70 members, addressed over 58,000 requests from 13,000+ officials worldwide.&nbsp;</p>
 <p class="paragraph">A standout achievement was assisting the FBI and DOJ in tackling a “pig butchering” scam, a fraud scheme involving the fattening of victim’s accounts before draining them, which led to the recovery of $112 million. These efforts have significantly disrupted scammer operations.</p>
 <p class="paragraph">All in all, Binance continues to advance law enforcement’s crypto knowledge through educational programs, covering blockchain basics and legal frameworks.&nbsp;</p>
 <p class="paragraph">In 2023, it held 120 training sessions, both online and in-person, aimed at enhancing the platform’s safety and safeguarding user investments against the backdrop of the rapidly changing <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> landscape.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-uncovers-the-reality-behind-crypto-romance-scams-tbt79782.html">https://thebittimes.com/binance-uncovers-the-reality-behind-crypto-romance-scams-tbt79782.html</a></p>

Binance uncovers the reality behind crypto romance scams

Mục lục

TheBitTimes

Các bài viết khác được xuất bản trên 14 thg 2, 2024

Behind Ethereum’s Surge: Here’s How This Whale Is Taking Advantage Of The ETH Rally

Bitcoin Price Holds Support, BTC Uptrend To Continue Soon?

Genesis cleared to offload $1.3 billion worth of Grayscale shares

Central Bank Of Russia Noted A Sharp Increase In Crypto Scams And Criminality Within The Country

Why Is SelfKey Price Up By 47%? Analyst Says KEY is The Next SUPER

Unlocking VeChain: Cryptocurrency Marvel Set to Surpass $12.12 – 2025 Awaits

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!