A victim of a crypto ‘pig butchering’ scam just got his $140,000 …
Oct 4, 2024 · Investigators in Massachusetts were able to seize a total of $269,000 from SpireBit’s crypto wallet, most of which is being distributed to four victims in the state, court documents show.
‘Pig butchering’ crypto scam: Americans taking their lives ... - CNN
Jun 17, 2024 · According to FBI data, out of nearly $5 billion dollars lost to cryptocurrency fraud in 2023, $3.96 billion was stolen in pig butchering scams.
"Pig butchering," an account-draining cryptocurrency scam ... - CBS News
Sep 20, 2024 · The FBI is warning about a potentially devastating cryptocurrency scam called "pig butchering," which could wipe out someone's life savings.
With ‘pig butchering’ scams on the rise, FBI moves to ... - NBC News
Feb 5, 2024 · Enticed by the prospect of romance and riches, coaxed over social media, thousands of people have lost their savings in a scam known as pig butchering.
Brooklyn prosecutors target 'pig butchering' crypto scam ... - ABC News
Apr 4, 2024 · Prosecutors in Brooklyn seized nearly two dozen web domains associated with a scheme known as "pig butchering," in which scammers strike online conversations with unsuspecting victims, gain their trust and then steer them into bogus cryptocurrency investments.
DA says he shut down 21 sites stealing millions through crypto …
Apr 4, 2024 · Brooklyn District Attorney Eric Gonzalez said his office seized 21 web domains that were being used by scammers in so-called “pig butchering” schemes, a term that refers to gaining victims’ trust through dating apps or other sites and steering them toward bogus investments.
US detective seizes crypto from $4.6M stash in pig butchering scam …
Dec 15, 2024 · Known as “pig butchering,” these scams lure victims into trusting relationships, only to exploit them through fake crypto investments. When victims try to withdraw their fictitious profits, they’re met with demands for exorbitant “taxes” or penalties.
'Pig butchering' a growing online scam that costs victims billions
Oct 6, 2024 · Pig butchering, the online scam involving phony crypto investments, has become a worldwide problem responsible for about $75 billion in stolen funds, say authorities. Scammers patiently engage victims over weeks or months, eventually …
SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering …
Sep 17, 2024 · The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled...
Pig Butchering Scams Persist in Crypto Market: Chainalysis
Aug 29, 2024 · Blockchain security firm Chainalysis released a mid-year update on crypto crime on August 29, revealing a big rise in “pig butchering” scams within the cryptocurrency market in 2024. These scams involve bad actors “fattening up” their victims by promising them high returns and then “slaughtering” them by disappearing with their funds.