TechFlow reported that on October 8, Cointelegraph recently released a new video that deeply analyzed the cryptocurrency "pig killing" scam and shared the real experiences of some victims. According to the latest research from the University of Texas at Austin, the global losses due to such scams are as high as $75 billion.
In the video, two victims, Daniel and Jose, recounted their experiences, revealing how scammers approached people through social media, gradually gained their trust, and ultimately led to huge financial losses. Experts point out that scammers often disguise their identities, create a sense of urgency, and induce victims to act quickly.
Cointelegraph interviewed several cryptocurrency investigators and fraud experts to analyze the psychological techniques used by scammers. Experts warned that if the opportunity presented by the other party seems too good to be true, it is likely a scam. The video also lists the warning signs of identifying scams and explores the possibility of victims recovering stolen funds.
The video is now available on the Cointelegraph YouTube channel, reminding investors to be wary of new scams such as "pig killing" and protect their own property safety.