$The United States Federal Trade Commission (FTC) has warned the public of the rise in romance scams that often involve cryptocurrencies.
In a Monday notice, the FTC advised Americans on how they can handle the situation if their online romantic interest is offering them investment advice.
According to the FTC, the attackers “establish an emotional connection” to convince victims into believing that they are “experts in cryptocurrency.”
The commission noted these scammers often promise high returns that are possibly risk-free. However, it added that all such investments carry risks and the guarantees on profits are false.