How to Protect Yourself from Love Code Investment Scams

The U.S. Securities and Exchange Commission (SEC) is increasing warnings about romance crypto scams. Here’s how individuals can protect themselves. Romance crypto scams are sophisticated crimes where strangers approach through social media or messaging apps, pretending to be romantic partners, and then lure victims into investment schemes.

Typical Tactics of Romance Crypto Scams

Romance crypto scams usually start with scammers posing as potential romantic partners to build trust with the victim. Over time, they deepen the relationship and eventually introduce topics like “investment opportunities” or “side income,” leading the victim into financial fraud schemes.

These scams frequently occur on social media platforms, including X, often beginning with unsolicited direct messages. Scammers often use fake identities and photos to gain trust, making it difficult for victims to recognize the deception.

Recognizing Warning Signs in Social Media Messages

The SEC strongly recommends ignoring or immediately deleting messages from unknown contacts or suspicious direct messages. Be especially cautious of messages with these characteristics:

Sudden intimate messages from strangers, early mentions of investment or cryptocurrency topics, promises of guaranteed refunds or profits—these are typical warning signs. Maintaining vigilance is crucial to prevent falling victim to such scams.

Effective Prevention Measures and Daily Caution

To protect yourself from romance crypto scams, practical steps are essential. First, never respond to solicitation messages from strangers. Be wary of relationships that develop rapidly on social media, as they may be scams.

Next, thoroughly verify the identity of anyone discussing investments or money. Confirm whether the person is real and whether their profile information is consistent. If in doubt, consult trusted family or friends.

The SEC continues to raise awareness about these scams and encourages the public to stay informed and cautious. As romance crypto scam tactics evolve each year, maintaining vigilance is the best defense against becoming a victim.