According to on-chain analytics firm Chainalysis, romance scammers increasingly use this method to steal their victim’s hard-earned crypto.
Category: Pig butchering
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Phishing victim sends eye-watering $4.5M in USDT to scammer
On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange before eventually arriving at an address purportedly owned by a scammer.
Binance off the hook from $8M Tinder ‘pig butchering’ lawsuit
The plaintiff, a Texan woman, initially blamed Binance for losing $8 million in a pig butchering scam that began on Tinder.
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Australian crypto scams increased by over 162% with nearly $150M lost
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.
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US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
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FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
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California regulator launches complaint-based crypto scam tracker
The regulator said it receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information.
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Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
Falling crypto prices caused crypto scam revenue to plummet in 2022, though two scam types managed to persist.
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New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers
These cybercriminals reach out to romance-seekers from dating apps like Tinder before convincing them to invest in their fraudulent cryptocurrency investment schemes.
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Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’
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