The clever tech powering a wave of pig-butchering scams
Pig butchering scams are becoming more sophisticated and the amount of damage is increasing day by day. One report found criminals defrauded an estimated $75 billion From the victim. And just recently, the bust of an Asian criminal organization added another $46 million to that number. Win an iPhone 16 Pro with Apple Intelligence ($999 […]
‘Pig-butchering’ scams have cost crypto investors $75B: study
A recent study found that “pig-butchering” cryptocurrency scammers stole a staggering $75 billion from investors’ digital wallets, but the large-scale theft was primarily carried out by hard-to-police overseas criminal networks. It became clear that it was planned. The scam, which has proliferated during the pandemic, involves a scammer “butcher” starting a conversation with what initially […]