Over $5.5 Billion Stolen in Pig Butchering Scams: Cyvers Reports
A disturbing trend emerges in the demographic profile of pig butchering scam victims. While older adults have historically been the...
butchering
Pig Butchering Scams Drive Crypto Fraud to $9.9 Billion in 2024
A recent report by blockchain analytics firm Chainalysis revealed that crypto scams generated at least $9.9 billion in illicit revenue...
2024 Pig Butchering Crypto Scam Revenue Grows 40% YoY as Industry Increases Sophistication
In 2024, cryptocurrency scams received at least $9.9 billion on-chain, an estimate that will increase as we identify more illicit...
Pig Butchering Gangs, Human Trafficking, and Crypto: An Analysis
Romance scams, also known as “pig butchering scams” for the way bad actors say they “fatten up” their victims to...
Crypto scam: Chinese national Naperville man Hailong Zhu charged in ‘Pig Butchering’ financial crypto scheme
NAPERVILLE, Ill. (WLS) -- Chinese national Naperville man Hailong Zhu has been charged in a high-dollar financial scheme.The west suburban...
Unregulated DeFi services abused in latest pig butchering twist
A major pig butchering (shā zhū pán) scam operation has been observed using fake trading pools of cryptocurrency to...
Beware of pig butchering. Romance and investment crypto scams are on the rise, says Binance
Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation. We’ve all gotten the text....
Pig butchering: Dating scam hooks victims with fake crypto investments – Georgetown Gazette
So, it shows, like you making money," said Kevin Kok, a crypto scam victim.This Florida man says it cost him...
One Victim Loses $300,000 In “Pig Butchering” Crypto Scam
A Boston man has become the latest victim of a so-called “pig butchering” scam. This phrase refers to a type...
Binance Wins Dismissal of Lawsuit Linkedin to Pig Butchering Scam
A US district judge has ruled in favor of Binance’s motion to dismiss a lawsuit connected to a purported pig...