In the spring of 2023, a recent retiree was drawn into what would become a horrifically expensive “relationship.” Lured through a dating application by someone who claimed to live in his area, he was eventually convinced to “invest” in what he was told was a safe, sure bet—something called “digital currency mining .” He would eventually invest over $20,000 in the scheme, depleting his personal retirement savings. The scam was a new variant on what has become perhaps the fastest growing segment of online fraud, accounting for billions of dollars in losses from thousands of victims in the US alone—cryptocurrency-based investment fraud.

Source: SC Magazine