CRYPTOCURRENCY SCAMS ON TINDER

CRYPTOCURRENCY SCAMS ON TINDER

Tinder is a dating and matchmaking platform developed in 2012. The Tinder interface allows its users to like the profile of other users based on their bio or profile pictures. Users that the Tinder Geo-Social media platform has matched can exchange messages and take their relationships further on its platform. The Tinder interface is available on a web based platform as well as mobile platforms. Tinder’s office is in the United States, where it serves a global audience and is available in fourteen languages of the world. In 2014, Tinder registered as much as about one billion swipes per day.

SAFE AND SECURE: THE CRYPTOCURRENCY SCAM AND SOCIAL NETWORKS

The design of cryptocurrencies has something called a pseudonymous feature. This feature allows for Cryptocurrency traders to trade with an anonymous identity. The pseudonymous feature of cryptocurrencies came because investors wanted a peer to peer form of asset trade at the time of its making. Scammers and hackers now use this feature to take advantage of people all over the world, especially using social media accounts.

The way these hackers operate is that they use the pseudonymous feature to their advantage. When they hack accounts, scammers make away with cryptocurrency assets — the bad thing about Crypto-assets is that they are not easy to trace because of their Pseudonymous design.

The social media has been the haven of many hackers in recent times. Because of some of the unguarded security policies on social media networks, and the kind of relationships people exhibit on social media networks, there is just so much the administrators of such systems can do to prevent some of these cyber-attacks. Many hackers use fake identities to take advantage of people. With their false masks, they develop trustworthy relationships with their targets on social media.

When a scammer has gained some level of trust, he uses the information gathered out of trust (from the victim) to hack the cryptocurrency holdings of his target. Once the scammer has done this successfully, he knows he can get away with it because it is hard to trace Crypto asset hack sources.

The Tinder network has witnessed some crypto scams in recent times, and the hackers have developed methods that are almost impossible to detect. This article will help you as a user of this dating platform to keep on your guard while you carry out your emotional expeditions.

HOW IT WORKS

THE TINDER CRYPTOCURRENCY SCAM TREND

The Tinder network, since its inception, has generally been a safe platform for all of its users. The Geo-social network platform started having records of scams less than three years ago. The Tinder platform is not responsible for the scams on its platform. Still, it is the responsibility of Tinder users to safeguard themselves against these fraudulent activities. The following are the ways users have reported scam activities on the Tinder network over the past few months. You would be wise to use the experience of these people to keep your Tinder account safe.

PHISHING LINKS

A Phishing link is one developed as a method of attacking the accounts of people. What scammers do with a phishing link is they mask the identity of a trusted person (or organization) and use that to deceive people online. The methodology of phishing links is to use it as a means of getting the passwords and security passcodes of scam victims.

Most Phishing links will request the personal information of the user. Because of the masked identity of a trusted organization, when an unsuspecting user inputs the details, scammers use it to access the email of such a user. When the hackers have gained access to the user’s email, they instantly change the email password, after which they also get into such a user’s social media accounts, the passwords are changed.

The trend continues until the hackers gain a hold of the Crypto holdings of their victims. Most sites will send an email to the user of a password change, but since hackers have breached the email of the user, the mail falls into the hands of the scammer. In some cases, when the hacker is not able to change the email password, he/she deletes all the relevant messages.

The bad thing about Phishing links is that once the email of the user has been breached, all the other accounts of such a user can be easily breached, including cryptocurrency wallets and investment accounts.

The good thing about phishing links is they cannot get anything out of anyone until such a person clicks on the link and probably inputs personal data. It is just best to keep away from URLs that look suspicious.

The tone of messages that contain phishing links is usually urgent, and that can be a perfect signifier for recognizing them. Before clicking any link, especially on the Tinder geo-social network, ensure to run a background check on what such a link entails. When the details of such links are confirmed, be sure to verify that the URL is related to the sources of the information attached to its message, because phishing link generators mask the identity of trustworthy organizations and personalities.

CATFISHING SCAM

This scam method is another prevalent one to almost all social networks, but it has been significantly pronounced on the Tinder network in recent times. This scamming strategy is a way to deceive Tinder users into carrying on conversations outside of its platform. The bait which scammers of this category use is to tell other Tinder users that they may not be able to continue discussions on the Tinder network because they are on promotional discounts, which would end soon enough.

This false constraint is why they ask the Tinder user to connect with them outside Tinder. The reason why scammers use this method is that they know there are no security policies guiding conversations outside the Tinder platform. When a person falls for this scam, the scammer builds a relationship to gain crucial information about his/her crypto assets, and boom! The scam happens.

Sometimes, what the scammer does is to tell the user about a crypto investment opportunity that promises irresistible returns in the shortest time possible. When an unsuspecting user falls for this, the scammer sends such a person to a website to which he/she is to send investment funds. After some time, the website platform closes without any trace of the administrators. Sometimes, a scammer uses a phishing link to get the crypto wallet details of the user.

CLIP JOINT

This method is probably the subtlest of Tinder scams that have been happening recently. This method involves a real match on Tinder, and the scammer asks for a meet up at a joint or a bar where the victim would have to buy overpriced food and drinks. After the victim is gone, the scammer would share the profits with the operators of the bar.

In the case that such a victim shows some resistance, there may be a physical confrontation with bouncers (security officers). In some rare instances, the scammer may hypnotize the victim and take some vital information from him/her. The data stolen from the victim could be the key to crypto-asset holdings such as tokens, debit/credit cards, et cetera.

THE TINDER VERIFICATION SCAM

The Tinder geo-social network develops its security policies every year, but scammers also do the same with their methods. Tinder does not use bots to run the operation of its platform, in the cases where you encounter a bot operation on the Tinder platform, you can be sure it isn’t from a Tinder administrator.

Scammers of this category develop bots that send messages to people asking them to verify their Tinder accounts. The scam verification process will require that a Tinder user disclose some personal information, and the personal information requested by the verification bot could include account details, credit card details, social security number, crypto wallet address, et cetera.

The scammers of this category do their best to make sure the user suspects nothing of a fraudulent nature. The way to quickly recognize scammers of this nature is that they have preset answers for messages on the Tinder platform. When you send them a message, they reply faster than the average. The reason for this is because they have programmed their bot to respond to people with preset answers.

Tinder does account verifications, but it doesn’t involve the user in its verification process. Tinder does its verifications in-house, even if Tinder wants to verify you, you most probably would not be notified. This is another way of recognizing scammers when they reach out. Tinder verifies the accounts of celebrities and high profile users, not average users.

BLACKMAIL

This method is another rather subtle scam method used on the Tinder social media network. The methodology used is to emotionally deceive the Tinder user into sending nude pictures to the scammer. When the user sends his or her nude pictures, the scammer threatens to publish the photos online if the user does not send him/her some money. The form of payment requested most times is in the form of cryptocurrencies because they are untraceable. The most potent way of guarding against this kind of scam is to share your nude pictures only with those who you completely trust, or better still, keep your nude photos to yourself.

CONCLUSION

Some have taken up scamming as a profession, and they are on almost all social media platforms. They deceive people using the mask of a relationship, and they get salient information from such people to use against them. Please be sure to work within the operation policy of the Tinder matchmaking network to stay clear of scam activities.

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