Case Study

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Case Study

Retired Cop Lost More Than $15,000 in A Hybrid CryptoCurrency / Online Dating Scam

People communicate through letters, while nowadays we have multiple socializing platforms like Facebook, Instagram, and Twitter along with others. Socializing and reference have become an essential part of one’s life in order to progress in a career. Further, business was conducted by personal meetings conducted by people in order to discuss and come on the same ground. However, now-a -days, people conduct business by investing digitally in platforms like cryptocurrency. It is a decentralized system where the transactions are recorded and a peer-to-peer approach is used to carry out the business. This has made the exchange of money quite easy for people, and the ability for scammers to rob even easier! Read about how a retired cop got scammed out of thousands of dollars!

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