The state is warning New Yorkers to be on the lookout for “pig butchering” scams, which target unsuspecting victims to make fraudulent investments resulting in severe financial losses, according to a ...

Pig butchering scams have emerged as one of the most pervasive threats to cryptocurrency investors, with losses in the ...

Add Yahoo as a preferred source to see more of our stories on Google. A scam called “pig butchering” gaining steam as a potent threat to Canadians almost tricked this reporter. I received a message on ...

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On Wednesday, June 18, the U.S. Attorney’s Office announced it had seized $225 million in cryptocurrency connected to pig butchering scams. The seizure involves funds stolen from 400 victims worldwide ...

There was the realtor whose wife liquidated her 401(k). The church secretary who invested her life’s savings. The husband who went into credit card debt, all to feed the beast. The cases that Steve ...

A report by Chainalysis released Thursday estimated that cryptocurrency scams amounted to $9.9 billion in 2024, with that figure likely to be revised higher. Revenue from "pig butchering," a type of ...

Crypto scammers may have pocketed as much as a record $12.4 billion last year fueled, in part, by growth of so-called pig-butchering schemes, blockchain analytics firm Chainalysis said. Fraudsters' ...