Romance Turned Nightmare: The Rise of Cryptocurrency Scams
Shreya Datta, a software expert from Philadelphia, fell victim to a sophisticated cryptocurrency romance scam, losing $450,000 in savings and retirement funds. The scam, known as “pig butchering,” involves fraudsters using false love and tenderness to lure victims into bogus cryptocurrency investments. Datta’s scammer, posing as a French wine dealer named “Ancel,” manipulated her emotions through charming messages and deepfake videos.