California consumers were warned Monday about confidence schemes from fraudulent cryptocurrency websites sometimes referred to as “pig butchering” scams. The typical pig butchering scheme ...

Pig butchering scams can inflict severe financial harm on victims. But are also closely tied to violent crime, human trafficking and other forms of organised criminal activity.

Onchain security firm Cyvers revealed that pig butchering scams were one of the most pervasive threats to crypto investors, with losses reaching $5.5 billion in 2024. The report also indicated ...

What is “pig butchering” “Pig butchering” schemes are on the rise, which refers to a type of online investment fraud. How this scheme works is a victim is lured into making increasingly ...

Pig butcher scams have conned billions of dollars from victims worldwide. Here's how you can be aware of the warning signs and avoid this investment fraud.

Pig butchering scams were the leading attack vector for the cryptocurrency space in 2024, resulting in multi-billion dollar losses for millions of investors. According to data from web3 security ...

Ever hear of “pig butchering?” Probably not. It has been characterized as an international financial fraud scheme that has drained millions of dollars from people’s hard-earned savings ...

The scam is known as " pig butchering " and involves scammers luring people into fake crypto investments.

Commonly, the fraud is called “pig butchering," because the scam artist builds a relationship with a victim before luring them into an investment scheme.

A Fairfax County woman lost $1.3 million in a "pig butchering" crypto scam after meeting a man online. The scammer built trust through friendship before pushing fake cryptocurrency investments. Police ...

Pig butchering scams have emerged as one of the most pervasive threats to cryptocurrency investors, with losses in the billions of dollars across 200,000 identified cases in 2024, according to a ...