Pig Butchering Scams Are Still the Most Dangerous Threat in Crypto

[AIcash]

The most destructive crypto scams aren’t technical hacks — they’re human ones.

In this case, scammers built trust over weeks or months, posing as friends, romantic interests, or investment mentors. Only after confidence was established did the fraud begin.

Li admitted helping launder $73.6M, including nearly $60M through U.S. shell companies, making the crime as much about financial laundering as crypto itself.

Eight co-conspirators have already pleaded guilty, with sentencing still to come. And investigators say the case is far from over.

The lesson is uncomfortable but critical:
If an investment starts with a relationship and ends with urgency — it’s probably a scam.

[tradelikepro]

the “pig butchering” style really highlights how dangerous trust-based scams can be, need more awareness about these human-targeted frauds