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….
Thousands Have Lost Huge Sums In ‘Pig Butchering’ Scams | #lovescams | #datingapps
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. By Cezary Podkul | ProPublica File photo. If you’re like most people, you’ve received a text or chat message in recent months from a stranger with an attractive profile photograph. It might open…
How One Man Lost $1 Million To A Crypto ‘Super Scam’ Called Pig Butchering | #lovescams | #datingapps
A 271,000-word WhatsApp conversation between a Bay Area man and his scammer reveals the heartbreaking mechanics of a new breed of investment racket. Experts believe the global losses are in the billions. The message to Cy’s WhatsApp came out of the blue. “Jessica” told him she’d found his number in…
Security PSA: Sha Zhu Pan (Pig Butchering) Investment Scams | by Coinbase | Aug, 2022 | #lovescams | #datingapps
Tl;dr Coinbase has seen a concerning increase in fraudulent cryptocurrency investment platforms that are sourcing victims through connections on dating apps and social media. We are encouraging our users to be vigilant against this type of social engineering scam. The Coinbase Security team has previously submitted the domains in this…
Mad Minute stories from Friday, February 11th | Strange | #datingscams | #lovescams | #facebookscams
BOSTON (AP) — A Massachusetts contestant on “The Price Is Right” was hoping to win a getaway to some tropical locale during a recent appearance on the game show. Instead she won a trip to neighboring New Hampshire. Catherine Graham had already won a firepit and a love seat when…