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Chinese Crypto Scam Targets Singaporean Investors! Here's Why It's Called 'Pig-Butchering' Scheme

News Snapshot:

A Chinese crypto scam is now victimizing Singaporean investors. This malicious blockchain campaign is called the "Pig-Butchering" crypto scam. Right now, Singapore has already lost around $140 million (SGD 190.0 million). This is five times more compared to the crypto revenue loss of the Asian country back in 2019, which is only around $27 million (SGD 36 million). This rising cryptocurrency can hurt your digital currency wallet if you fall into one of its victims. Now, here's why it is called the Pig-Butchering crypto scheme. Chinese Crypto Scam Targets Singaporeans According to Business Standard 's latest report, the Pig-Butchering crypto…

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