Techub, citing Cointelegraph, reported that a 20-year-old Thai romance scammer processed $122 million worth of cryptocurrency in just 10 months in a case tied to large-scale emotional fraud transfers. According to the report, the suspect built fake romantic relationships to lure victims into making investments, then converted the stolen funds into cryptocurrency and moved the assets. The report did not say whether the suspect has been arrested. It also did not provide details on the current stage of the investigation. The case adds to the list of fraud schemes in which social engineering and crypto transfers were used together to move illicit funds.
Techub, citing Cointelegraph, reported that a 20-year-old Thai romance scammer processed $122 million worth of cryptocurrency over 10 months in a case involving large-scale transfers of funds linked to emotional fraud.
The report said the suspect built fake romantic relationships to persuade victims to invest, then converted the defrauded money into cryptocurrency and moved it.
The report did not disclose whether the suspect has been arrested, and it did not provide specific details on the investigation’s progress.
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