Australian woman looking for love loses thousands in crypto scam

Published

10 months ago

December 6, 2022

William Howard

Australian woman looking for love on Hinge loses $160,000 in crypto scam

Crypto scams are on the rise right around the world as thieves develop clever new ways to steal your hard earned cash.

Now, it seems they’ve even taken to dating apps.

An Australian woman, going by the pseudonym Cheryl, has shared her heartbreak after a match on Hinge scammed her out of $160,000.

Speaking to News.com.au, the 30-year-old says she was looking for love but wasn’t having any luck on Bumble or Tinder.

This is when she turned to Hinge and soon stumbled on a user called Jackson.

Jackson was chatty, friendly and the pair even shared intimate photos with each other.

After several weeks and hundreds of messages, the individual convinced Cheryl to invest in a cryptocurrency share platform, known as Blackstone Trading.

She started with a $1000 investment and, as her profits continued to grow, she invested more and more.

But the account was later frozen due to so-called “suspicious activity”. Cheryl was told she would need to deposit 50 per cent of her balance – which was around $50,000 – to unlock it.

Cheryl did this, but it didn’t work. The company asked for another 20 per cent, before Cheryl caught on and realised it was all a scam.

“I ended up blocking him on WhatsApp, I deleted him from my Hinge account, I’ll never use Hinge ever again.”

Unfortunately crypto scams like this are becoming more and more common.

Dating platform Hinge has responded to this incident, saying they take fraud “very seriously”. Meanwhile, they are “continuing to invest in new updates and technologies to keep users safe”.

“We encourage users to verify their accounts and match with others that have verified their profiles.”

But it’s too late for Cheryl. Her money is gone and so too is Jackson.

Why is the world’s largest crypto exchange battling U.S. regulators?

Published

4 months ago

June 15, 2023

ticker NEWS

U.S. regulators have filed charges against Binance, the world’s largest crypt exchange

Is the idea of a financial world that operates outside of the global banking system and eludes the reach of regulations a possibility or a pipe dream?

The Securities and Exchange Commission has filed 13 charges against the Bianace, world’s largest crypt exchange and its billionaire founder, Changpeng Zhao.

The SEC alleges that the crypto exchange worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws.

In addition, the SEC is also alleging that Binance and Zhao used market-making companies—that they controlled—to inflate trading prices and profit from of their customers.

Zhao has publicly dismissed the allegations.

Stefan Rust, the former CEO of Bitcoin.com joins us to discuss. #crypto #cryptocurrency #StefanRust #veronicadudo #Binance #ChangpengZhao

Crypto

Is the metaverse the future of social network?

Published

4 months ago

May 30, 2023

ticker NEWS

U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

Crypto

Who will win the global metaverse race?

Published

4 months ago

May 30, 2023

ticker NEWS

China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech