Bitcoin: “Buy first, get married later”, the scam that traps Indian matrimonial sites
On Shaadi.com and other Indian matrimonial sites, fake profiles promise marriage then demand a Bitcoin deposit. Diving into pig butchering.
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In captures of WhatsApp conversations provided to The Crypto Times, the person presents trading as a way to build a joint financial situation. She talks about quick wins, assures that the activity is legal in India and pushes Raj to make up his mind even before meeting in person.
Raj suggests starting with 5,000 rupees ($50). His interlocutor insisted on a minimum deposit of 500 dollars, almost ten times the amount he was considering. The discrepancy between the amount requested and the discussions about the marriage ended up arousing his suspicions. The testimony therefore concerns an attempted fraud.
This type of sentimental investment fraud, often called pig butchering, relies on trust established before the first request for money. The placement may then link to a fake brokerage site. Winnings displayed on screen give the impression of success, while a withdrawal request may trigger new demands, such as paying so-called fees.
Other deals reported by The Crypto Times resulted in losses. In Bengaluru, a man allegedly lost more than 1.7 million rupees after investing in a fake trading service recommended by a profile he met on a matrimonial platform. In Hyderabad, an artificial intelligence researcher allegedly lost Rs 8.5 million in a comparable case.
In Raj's story, the red flag is the connection made between the payment and the continuation of the relationship. In the event of a request of this type, the exchanges may be kept and the profile reported to the platform. In India, victims can also report the incidents on the National Cybercrime Reporting Portal.
An editorial article. Le Journal du Coin, the first French-speaking news media on cryptocurrency, Bitcoin, and blockchain protocols.
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- Journal du Coin11 Nov, 14:00
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