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    Educational Information Only

    The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.

    Back to Scam Alerts
    Investment Fraud

    Crypto Romance Scam (Pig Butchering)

    Victims are lured through dating apps into fake cryptocurrency investment schemes, losing substantial amounts before the scammer disappears.

    critical risk
    Target: Expats and tourists using dating apps
    Estimated losses: THB 500,000 – 10,000,000+ per victim • Prevalence: Rapidly increasing, especially targeting expats in Thailand

    How It Works

    1

    Scammer initiates contact through dating apps (Tinder, Bumble) or social media

    2

    Builds romantic relationship over weeks/months, often claiming to be a successful crypto trader

    3

    Introduces victim to a fake investment platform with fabricated high returns

    4

    Victim invests increasing amounts as fake portfolio shows huge gains

    5

    When victim tries to withdraw, platform demands 'tax' or 'fees'

    6

    Platform disappears along with all invested funds

    Warning Signs

    Online romantic interest who quickly discusses crypto/investments

    Claims of guaranteed high returns (20-50% monthly)

    Unfamiliar trading platform not listed on any exchange directory

    Pressure to invest more to 'unlock' withdrawal

    Platform requires crypto deposits only (not bank transfers)

    Cannot withdraw funds without paying additional 'fees'

    What To Do

    Stop all communication with the scammer immediately
    Do NOT send any more money, even to 'unlock' existing funds
    Document everything — screenshots, wallet addresses, transaction IDs
    Report to Cyber Crime Division of Royal Thai Police
    Report the dating profile to the platform
    Contact your bank and crypto exchange about the transactions

    How to Report

    Cyber Crime Division: 02-142-2555
    Tourist Police: 1155
    SEC Thailand: 1207
    Anti-Online Scam Operation Center: 1441

    Professional Legal Assistance

    When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.

    Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.

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