Romance fraud with cryptocurrency: weaknesses in cross-border law enforcement and in victim protection exposed

Romance fraud with cryptocurrency: weaknesses in cross-border law enforcement and in victim protection exposed
romance scams and cryptocurrencies: a growing threat
Romance Scams, especially those associated with cryptocurrencies, are a significant problem because they disclose weaknesses in the cross -border enforcement of laws and the protection of the victims. This form of fraud often uses online dating platforms to camouflage unsuspecting people by building fake romantic relationships.
The perpetrators fell on profiles and deliberately emotional stories to quickly create a basis of trust. As soon as a connection is established, the victims are usually asked for money, often in the form of cryptocurrencies, since these transactions are anonymous and difficult to trace back. This not only increases the risk of the victims, but also complicates law enforcement for the authorities.
The relationships between Romance Scams and cryptocurrencies illustrate the need for improved international cooperation. There is an urgent need to implement effective protective measures for those affected and to intensify the criminal prosecution of fraudsters.
Overall, it is crucial to raise awareness of Romance Scams and better clarify potential victims in order to protect them from the dangers of online dating and the associated financial risks. The combination of emotionality and the incentive of cryptocurrencies makes this fraud form particularly perfidious and requires a coordinated procedure at a global level.