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Beware the 'pig butchering' crypto scam sweeping across America

December 26, 2022
Source: edition.cnn.com edition.cnn.com
News Snapshot:
New York CNN — The FBI says America has a “pig butchering” problem. And it’s costing victims millions of dollars. “We’re not talking about what’s going on at farms,” said Frank Fisher, public affairs specialist at the bureau’s Albuquerque division. “We’re talking about a cryptocurrency investment scam that is sweeping the country.” The term pig butchering refers to an unsuspecting victim — the “pig” — being tricked by scammers into forking over money for a promised high rate of return. Scammers “fatten up the pig by getting the victim to think that they’re investing in something and get them to...
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Tags: Amazon | America | bitcoin | blockchain | California | Cambodia | China | CNN | credit | credit card | crypto | currency | FBI | finance | fintech | fraud | hacker | investment | Mexico | New York | retail | social media | technology | United States | USA

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