Crypto Frontier on Nostr: US FTC Warns Consumers of Rise in Pig Butchering Crypto Scams: ...
US FTC Warns Consumers of Rise in Pig Butchering Crypto Scams:
The U.S. Federal Trade Commission (FTC) is warning consumers of the rise in “pig butchering” scams or romance scams involving cryptocurrency investments.
Pig butchering, the term originated in Southeast Asia and comes from the Chinese phrase Shāz Hū Pán. This catfishing-inspired scam usually involves a slow-burning long-term fraud. Scammers will target people online searching for their victims using dating and social media sites.
After building a connection with a person and gaining trust in the victim. There is the fattening up the pig process and then stealing cryptocurrency or money — the butchering.
Published at
2024-06-11 13:35:11Event JSON
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"content": "US FTC Warns Consumers of Rise in Pig Butchering Crypto Scams: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718105676061-YAKIHONNES3.jpg \nThe U.S. Federal Trade Commission (FTC) is warning consumers of the rise in “pig butchering” scams or romance scams involving cryptocurrency investments.\n\nPig butchering, the term originated in Southeast Asia and comes from the Chinese phrase Shāz Hū Pán. This catfishing-inspired scam usually involves a slow-burning long-term fraud. Scammers will target people online searching for their victims using dating and social media sites.\n\nAfter building a connection with a person and gaining trust in the victim. There is the fattening up the pig process and then stealing cryptocurrency or money — the butchering.",
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