Pig Butchering Crypto Scams Alert; FBI Recovers $5 Mln
Pig Butchering crypto scams have become the new preference of fraudsters where they pretend to be acquaintances, friends, or romantic partners. They make contacts and get close with the victim, running the fraud for weeks or even months, convincing the victim to invest in the scammerâs crypto. Once the victim invests, the scammers show sudden losses to ask for more or simply disappear.
Considering the constant rise of crypto scams, the FBI is closely watching the situation, making efforts to curb the activities, especially with the instant transfer of funds in crypto assets.
Beware of pig butchering in crypto and invest wisely.
