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Pig butchering scams have emerged as one of the most pervasive threats to cryptocurrency investors, with losses in the billions of dollars across 200,000 identified cases in 2024, according to a report from onchain security firm Cyvers, shared exclusively with Cointelegraph.Pig butchering is a type âŚ
New data from market analytics platform Chainalysis reveals that âpig butcheringâ schemes are the most lucrative type of crypto scam in 2024. In its 2024 crypto crime mid-year report, Chainalays reveals that pig butchering â or a scheme where bad actors use fake online personas to slowly gain the trâŚ
FBI has seized $2.5M in crypto from a pig butchering scam based in Thailand.