Romance fraud is when someone comes up to you on the Internet and seeks to develop an intimate relationship to gain your trust and extort money or favours from you. According to the Anti-Fraud Centre, romance fraud is the second most important cause of financial loss. In 2021, this type of fraud caused more than $64 million in losses to individuals, double the previous year. The increase in events would come hand in hand with the popularization of cryptocurrency, which blurs the tracks and makes it almost impossible to obtain redress (CAFC, 2021).

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