‘Pig Butchering’ Scams Are Now a $3 Billion Threat
The FBI’s latest Internet Crime Report highlights the stunning rise of investment-themed crimes over the past 18 months.
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An emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets. The term “pig butchering” refers to a sophisticated and human-intensive…