A Massachusetts resident fell prey to a sophisticated investment scam on the popular dating app Tinder, resulting in the loss of over $504,000. According to federal authorities, the victim was targeted by a person claiming to be "Nino Martin," who posed as a financial advisor offering lucrative cryptocurrency trading opportunities.
The alleged scheme, known as a "pig-butchering" plot, involves manipulating and deceiving victims into investing in fraudulent cryptocurrency schemes. The scammer convinced the victim to create an account on Tinder, where they were instructed to transfer funds to a suspected trading platform. When suspicious activity was detected, the scammer contacted the victim, providing instructions on how to avoid account restrictions.
The victim, unaware of the scheme's true nature, continued to transfer funds, with approximately $504,353 sent in total. Some of these funds were later traced to a cryptocurrency account that was seized by authorities in June 2025.
Federal prosecutors are seeking to recover the lost amount, estimated to be worth around $200,000, in cryptocurrencies including Tether. The investigation, which began in April 2025, is ongoing, and no alleged perpetrator has been identified.
This incident highlights the growing threat of cryptocurrency investment scams, with scammers often operating from overseas. Authorities warn that these schemes can be highly sophisticated, making it challenging for victims to detect the scam.
In this case, the victim's vulnerability was exploited through social engineering tactics on a dating platform. As law enforcement works to recover the stolen funds and hold the perpetrators accountable, experts advise caution when investing in cryptocurrencies and emphasize the importance of verifying the authenticity of investment opportunities.
The alleged scheme, known as a "pig-butchering" plot, involves manipulating and deceiving victims into investing in fraudulent cryptocurrency schemes. The scammer convinced the victim to create an account on Tinder, where they were instructed to transfer funds to a suspected trading platform. When suspicious activity was detected, the scammer contacted the victim, providing instructions on how to avoid account restrictions.
The victim, unaware of the scheme's true nature, continued to transfer funds, with approximately $504,353 sent in total. Some of these funds were later traced to a cryptocurrency account that was seized by authorities in June 2025.
Federal prosecutors are seeking to recover the lost amount, estimated to be worth around $200,000, in cryptocurrencies including Tether. The investigation, which began in April 2025, is ongoing, and no alleged perpetrator has been identified.
This incident highlights the growing threat of cryptocurrency investment scams, with scammers often operating from overseas. Authorities warn that these schemes can be highly sophisticated, making it challenging for victims to detect the scam.
In this case, the victim's vulnerability was exploited through social engineering tactics on a dating platform. As law enforcement works to recover the stolen funds and hold the perpetrators accountable, experts advise caution when investing in cryptocurrencies and emphasize the importance of verifying the authenticity of investment opportunities.