Scammers involved in the racket initiate contact through social media, dating apps, WhatsApp, or text messages, often by pretending to have made a mistake. Over several months, scammers build trust with their victims and then encourage them to invest in cryptocurrency trading, offering insider tips or investor knowledge. — Image by Freepik
An Arab businesswoman in Sharjah is reeling from the aftermath of a crypto scam that swindled her out of over a million dirhams (RM1.19mil).
The loss was even more devastating for Sara (name changed), a 51-year-old confectionery business owner and mother of six, as she had saved the money for her son’s wedding and to buy a house.
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