The pig butchering scam is not the usual romance scam. Victims are contacted randomly and lured into high-paying investments. Losses run in billions of USD; crypto one of the conduits of funds transfer The US state of Delaware’s Department of Justice issued a Cease and Desist order against 23 entities…
Delaware Authorities Crack Down on ‘Pig Butchering’ Crypto Scams | #lovescams | #datingapps
The Delaware Department of Justice’s Investor Protection Unit halted the operations of 23 entities and individuals involved in cryptocurrency romance frauds, known as “pig butchering” scams. A recent analysis conducted by Bankless Times estimated that Americans lost around $185 million between January 2021 and March 2022 due to such schemes….