A Singaporean woman lost more than 100,000 Singapore dollars (approximately $77,960.55) over four months after a supposed insurance customer persuaded her to invest in cryptocurrency.

Here’s what to know

The woman, a finance worker identified by the pseudonym Ruth, met the man through a friend who had connected with him on a dating app, according to Mothership. He used the name Rob and said he was reaching out about insurance.

Ruth’s first crypto investing experience included apparent early returns in a legitimate, widely used app. Rob had helped her set up a crypto wallet after their conversations turned to the subject and assured her that stablecoin staking carried no risk.

The required investments began to grow; however, Rob described…