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Jakarta police nab 20 in crypto scam targeting women on Tinder and Bumble

Jakarta police nab 20 in crypto scam targeting women on Tinder and Bumble
Police in Jakarta have dismantled a crypto romance scam syndicate that targeted victims on dating apps. The scammers used fake profiles to gain the trust of middle-class women, mostly professionals, and then moved the conversations to WhatsApp where they pitched a fraudulent cryptocurrency trading platform called Wish. The investment schemes promised high returns of up to 25%, and victims were asked to deposit funds via the platform. Authorities have arrested 20 suspects and are searching for one more, believed to be a foreign national from China. This scam is believed to be part of a larger syndicate led by Chinese nationals, and there have been previous instances of Chinese-linked crypto scams in various jurisdictions.

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