[Heads Up] Huge Losses Caused By Epidemic of ‘Pig Butchering’ Scams

Investigative reporter Brian Krebs reported today that U.S. state and federal investigators are being inundated with reports from people who’ve lost hundreds of thousands or millions of dollars in connection with a complex investment scam known as “pig butchering,” wherein people are lured by flirtatious strangers online into investing in cryptocurrency trading platforms that eventually seize any funds when victims try to cash out.

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