Pig butchering scams are exploding

2024 is set to be a record year for scammers who received at least US$9.9 billion in crypto revenues from their illicit activities, according to Chainalysis. This figure is projected to rise to an all-time high of $12.4 billion as ongoing analysis uncovers more fraudulent activity. These findings are part of Chainalysis’ research into scams, highlighting high-yield investment scams (50%) and pig butchering (33%) as the two most prevalent fraud and scams. Pig butchering scams … More → The post Pig butchering scams are exploding appeared first on Help Net Security.
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