Pig-Butchering Scams Escalate to National Security Threat

[chainsniff]

The multibillion-dollar “pig-butchering” crypto scam is no longer just a consumer fraud issue—it’s raising national security concerns.

Victims are lured through romance or friendship before being pushed into fake crypto investments.

Scammers often operate in dormitory-style compounds across Southeast Asia.

In 2024, pig-butchering scams grew nearly 40% year-over-year, with crypto scam revenue surpassing $9.9 billion.

Authorities and experts warn that the scams now blend human trafficking, money laundering, and crypto rails, making them highly complex.

[alex10]

When fraud scales globally, it stops being “just crime” and becomes a threat vector. ️

[Abdul Khan]

Zcash getting attention from major players could revive the privacy narrative.