Security News > 2022 > November > Multimillion dollar CryptoRom scam sites seized, suspects arrested in US

Multimillion dollar CryptoRom scam sites seized, suspects arrested in US
2022-11-23 19:58

Over the past year, we've had the unfortunate need to warn our readers not once, but twice, about a scam we've dubbed CryptoRom, a portmanteau word formed from the terms "Cryptocurrency" and "Romance scam".

The "Romance" in a CryptoRom scam isn't tugging at your heart strings, but at your wallet strings.

You can probably imagine how the scam plays out from here.

Here's some good news to follow the bad: the US Department of Justice is taking on at least one group of CryptoRom scammers.

The DOJ refers to this sort of scam as "Pig butchering", which is a metaphor apparently chosen by the scammers themselves to mock their victims: in Chinese, the technique is known as ???, something we'd probably refer to as a "Chopping block" in English, but that literally translates as "Pork butchering plate".

Don't be fooled because a scam website looks well-branded and professional.


News URL

https://nakedsecurity.sophos.com/2022/11/23/cryptorom-pig-butchering-scam-sites-seized-suspects-arrested-in-us/