Love Scams in Crypto: South Korean Exchanges Fight Back! Romance scams have taken a digital twist in South Korea, with
crypto exchanges becoming the battleground against deceit.
Catfishing and other romantic ruses have become
rampant, warns Coinone, one of the leading exchanges. They've blocked a staggering
$2.6 million in suspicious transactions, thanks to their robust monitoring system.
The alarm bells are ringing louder as the
Financial Supervisory Service (FSS) joins the chorus. They caution against falling for online love traps and unsolicited investment advice on social media.
It's a reminder to be extra cautious, especially when approached by strangers promising investment help – whether they're of the opposite sex or not! Stay alert and keep your crypto safe from heartbreaks and scams.
