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A Sydney woman is speaking out after losing $30,000 to a man she met on Bumble, highlighting the risks of investment scams targeting dating app users.
A Sydney mother, Jaixi “Sissi” Wang, is warning others after losing AUD $30,000 to a man she met on the dating app Bumble [3]. Wang, who was 39 and newly single at the time, reported that the man she believed to be a romantic partner eventually persuaded her to invest in a project that resulted in the total loss of her funds [3].
Key takeaways
Wang, a mother of two, initially felt she had found a compatible partner in the 50-year-old businessman, who she described as respectful and generous [3]. The relationship appeared to progress quickly, with the man introducing Wang to his children and discussing the possibility of moving in together [3]. However, the dynamic shifted three months into the relationship when the man stopped arranging in-person dates, citing work and family commitments [3].
Despite the lack of physical meetings, the man remained highly active in digital communication, sending romantic messages and photos of his lifestyle to maintain the connection [3]. He eventually proposed an investment opportunity, promising a 33% return on her money [3]. Although Wang initially expressed hesitation about mixing finances with dating, the man insisted, framing the investment as a way for them to build a future together [3]. Wang ultimately transferred the funds in four installments, but she never recovered the money, and the man later provided messages from a purported financial institution claiming the transfer had failed [3].
The case has drawn attention to the risks of “pig butchering” schemes, where scammers exploit the emotional vulnerability of individuals on dating apps to solicit money under the guise of investment opportunities [3]. As dating apps like Bumble continue to evolve—recently introducing "Opening Moves" to allow men to initiate contact in some scenarios—users are increasingly cautioned to remain vigilant [1]. Wang’s experience serves as a public warning about the sophisticated methods scammers use to build trust, including the use of personal details like family members to appear legitimate [3]. The matter remains under police investigation [3].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 1, 2026 · How we report
The perpetrators called victims, claimed their cryptocurrency was at risk, and instructed them to transfer funds to accounts that appeared to be police‑run, but were controlled by the scammers.
Approximately £1 million of the stolen crypto was recovered by police, a fraction of the total £4 million taken.
Reported incidents rose to 77 in the first half of 2026, compared with 45 for the entire previous year, indicating a significant increase.
They launched a prevention platform and rapid‑alert system for crypto holders and professionals, leading to around 200 arrests.
CertiK advises using multisignature or multiparty computation setups, withdrawal delays, spending limits, and geographically separated signers.