Pig Butchering Scams Continue Driving Billions in Crypto-Linked Losses

[etfs]

U.S. authorities say pig butchering scams remain one of the most financially damaging forms of online fraud, with victims tricked into sending funds to fake trading platforms after months of manipulation.

In a related case earlier this year, a California court sentenced scam operator Daren Li to 20 years in prison for running fraudulent crypto investment schemes that stole $73 million from victims. The operation used fake trading websites promoted through social media and messaging apps.

Officials warn that despite increased enforcement, scam networks continue to evolve, highlighting the ongoing risks facing crypto users and online investors worldwide.

[Patapim]

Still one of the most dangerous scams in crypto.

[BrutalAge*gofast]

Months of trust-building just to drain wallets… scary.

[The_Walking_Dead]

If it feels too personal too fast — it’s a red flag.

[Capybara_Capybara]

Real traders don’t DM you investment opportunities

[bred]

$73M stolen… and that’s just one case.

[Suzukispeedtest]

Social engineering > technical hacks lately.

[UndeadBeastMonkeykiller]

Always verify platforms — twice.

[febe3f2e35]

Long con scams are getting more sophisticated.

[0c4535c1a0]

Trust is the attack vector here.

[059d96d16a]

If someone is guiding every step — run.

[d82ae58262]

Education is the only real defense.

[9777089235]

Crypto doesn’t need scams… but scammers love crypto.

[GummyBear]

Stay paranoid, it pays off.

[ChewBeast]

Not your keys, not your funds — and not your “advisor”