Golden Finance reports that, according to the Cyvers Alerts system monitoring, the "pig butchering" scams in the cryptocurrency sector stole 3.6 billion US dollars in 2024, with most of it occurring on Ethereum. The scams are cunning, using trust to deceive victims into making false cryptocurrency investments, only to have their funds disappear. With a 40% increase in cyber threats this year, the cryptocurrency sector needs stronger defenses and sharper awareness to fight back.