{"id":36005,"date":"2025-07-02T06:37:31","date_gmt":"2025-07-02T06:37:31","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/woman-loses-390000-in-online-crypto-dating-scam-i-messed-up-my-life\/"},"modified":"2025-07-02T06:37:31","modified_gmt":"2025-07-02T06:37:31","slug":"woman-loses-390000-in-online-crypto-dating-scam-i-messed-up-my-life","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/woman-loses-390000-in-online-crypto-dating-scam-i-messed-up-my-life\/","title":{"rendered":"Woman loses $390,000 in online crypto dating scam: &#8220;I messed up my life&#8221;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>A Tennessee woman said she lost $390,000 belonging to herself and her father after she fell for an online crypto dating scam. After losing her mom, 24-year-old Nicole Hutchinson inherited her mother&#8217;s house which she sold and split the proceeds with her father. The $280,000 she inherited was supposed to go toward helping her family and building a life in California.\u00a0<\/p>\n<p>As a way to make new friends before moving to California, Hutchinson began to use the online dating website &#8220;Hinge.&#8221; She said she met a man who called himself &#8220;Hao&#8221; and they became friends. She told CBS News&#8217; Consumer Investigative Correspondent Anna Werner that she felt a strong connection with him when he told her he came from the same town in China from where Hutchinson was adopted.\u00a0<\/p>\n<p>He was into investing and cryptocurrency and suggested she too could invest.\u00a0<\/p>\n<p>&#8220;I&#8217;m like, &#8216;I&#8217;ve never invested in my life.&#8217; I don&#8217;t know anything about cryptocurrency either. So I was very skeptical,&#8221; she said. Hutchinson said that Hao reassured her that this was an area he knew well. \u00a0<\/p>\n<p>Hutchinson said Hao told her to create an account on a legitimate site, Crypto.com. Then she said he sent her a link and told her to transfer money to the new link, to what he said was a cryptocurrency exchange platform. \u00a0<br \/>\u00a0<br \/>She started small but said she soon started investing larger amounts.\u00a0<\/p>\n<p>&#8220;He just kept saying things of, like, &#8216;Look at this money that can help support your family.&#8217; Obviously that&#8217;s what I wanted to do,&#8221; she said.\u00a0<\/p>\n<p>When her account began showing profits, she suggested to her father that he invest too and so he did. \u00a0 \u00a0\u00a0<br \/>\u00a0<br \/>By December, their accounts showed a combined balance of $1.2 million, and Hutchinson decided it was time to cash out. That&#8217;s when the site told her before she could withdraw her money, she would have to pay a hefty &#8220;tax bill&#8221; of roughly $380,000.\u00a0<\/p>\n<p>She discovered that the cryptocurrency investments weren&#8217;t real. All her and her father&#8217;s funds had gone into the scammer&#8217;s pockets.\u00a0<\/p>\n<p>&#8220;I messed up my life. I messed up my dad&#8217;s life,&#8221; Hutchinson said. \u00a0<\/p>\n<p>When she tearfully told her father about the scam, he comforted her.\u00a0<\/p>\n<p>&#8220;All I could do was just hug her and tell her &#8216;It&#8217;s okay. It&#8217;s okay.&#8217; And it was hard. It was hard. It was, we lost everything,&#8221; Melvin Hutchinson said. \u00a0<\/p>\n<p>They&#8217;re not alone: a new report found that just in 2021, cryptocurrency scam victims lost more than $7.7 billion.<\/p>\n<p>Rich Sanders investigates cryptocurrency scams as co-founder of the company Cipherblade. When he looked at Hutchinson&#8217;s transactions, he described it as a &#8220;pig-butchering scam.&#8221;<\/p>\n<p>&#8220;The name really comes from the fattening up before the slaughter,&#8221; Sanders said. \u00a0\u00a0<br \/>\u00a0<br \/>In Hutchinson&#8217;s case, he found her money started in those legitimate cryptocurrency accounts but the links the crooks told her to transfer the money to were digital wallets belonging to the scammers.\u00a0<\/p>\n<p>Cipherblade&#8217;s review found additional fake accounts the company says appear to be linked to the same scammers.  The company told CBS News that the scammers may have stolen more than $20 million.   <\/p>\n<p>Sanders said that the money likely went to an organized ring of scammers operating out of Asia who prey on inexperienced victims.\u00a0<\/p>\n<p>&#8220;I think he really played off that I was naive and not knowing anything about crypto, and taking that and running with it,&#8221; Hutchinson said.\u00a0<\/p>\n<p>Hutchinson and her father are now living in his RV and hope their story can help someone else avoid the scam.\u00a0<\/p>\n<p>&#8220;I just hope others don&#8217;t have to fall for it. So if me sharing this story helps that, then I&#8217;m so grateful for that opportunity,&#8221; she said. \u00a0<\/p>\n<p>Crypto.com warns consumers to take steps to be sure any accounts they&#8217;re moving money into are legitimate.\u00a0<\/p>\n<p>The company says it takes a proactive approach to threats and immediately takes down any wallets linked to a scam. The dating app Hinge told us it takes fraud &#8220;very seriously&#8221; and has trained content moderators who look for evidence of fraud.<\/p>\n<p>    <!-- data-recirc-source=\"chartbeat\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation component--type-recirculation-collection\">\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/search\/author\/anna-werner\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Anna  Werner<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Anna Werner is the senior consumer investigative correspondent for CBS News. Since joining CBS News in 2011, she has covered and investigated a wide range of impactful stories, winning numerous awards. Contact her at: wernera@cbsnews.com<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/crypto-dating-scam\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Tennessee woman said she lost $390,000 belonging to herself and her father after she fell for an online crypto<\/p>\n","protected":false},"author":1,"featured_media":36006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[3450],"class_list":["post-36005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Woman loses $390,000 in online crypto dating scam: &quot;I messed up my life&quot; - World News<\/title>\n<meta name=\"description\" content=\"A new report finds in 2021, cryptocurrency scam victims lost more than $7.7 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/woman-loses-390000-in-online-crypto-dating-scam-i-messed-up-my-life\/\" 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