HomeCyber Security NewsThe Dark Reality Behind Romance and Cryptocurrency Scams

The Dark Reality Behind Romance and Cryptocurrency Scams

Scammers targeting people through romance and cryptocurrency schemes are often victims themselves, forced into these criminal activities by ruthless Chinese gangs. These individuals are trafficked and held captive in harsh conditions along the Myanmar-Thailand border, where they face brutal punishments if they fail to meet scamming targets. 

Beatings, torture with hammers and electric shocks, and starvation are common, as revealed by two men who managed to escape these “scam factories.”

These scams have become highly sophisticated, using artificial intelligence to create convincing personas that prey on victims through dating apps. Scammers are given scripts and psychological techniques to manipulate their targets, often leading them into fake cryptocurrency investments. 

This method, chillingly referred to as “pig butchering,” involves building trust with victims before scamming them out of large sums of money.

The global scale of this criminal industry is alarming, with experts warning that it could surpass the drug trade in profitability. Victims, like an Australian woman who lost $100,000, often feel ashamed and devastated, unaware of the severe abuse faced by those forced to carry out these scams.

Scamming: A Crime with Two Sets of Victims

These scams are not just about financial loss; they involve severe human rights abuses. The trafficked workers behind these schemes are subjected to unimaginable cruelty, making them victims alongside those they scam. 

The international community must recognize the dual nature of this crisis and take action to combat both the scammers and the systems that exploit them.

Source 9now.nine.com

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