#pig-butchering

[ follow ]
fromWIRED
1 day ago

Chinese Crypto Scammers on Telegram Are Fueling the Biggest Darknet Markets Ever

When black markets for drugs, guns, and all manner of contraband first sprang up on the dark web more than a decade ago, it seemed that cryptocurrency and the technical sophistication of the anonymity software Tor were the keys to carrying out billions of dollars worth of untouchable, illicit transactions online. Now, all of that looks a bit passé. In 2025, all it takes to get away with tens of billions of dollars in black-market crypto deals is a messaging platform willing to host scammers and human traffickers, enough persistence to relaunch channels and accounts on that service when they're occasionally banned, and fluency in Chinese.
Information security
California
fromABC7 San Francisco
2 weeks ago

Pig butchering: Bay Area widow loses nearly $1M in crypto scheme, ChatGPT alerts her to scam

An elderly San Jose widow lost nearly $1 million to a 'pig butchering' crypto romance scam, leaving her nearly destitute and facing possible home loss.
US news
fromZDNET
1 month ago

Beware the 'Hi, how are you?' text. It's a scam - here's how it works

Online investment scams in the US cost victims $3.5 billion in H1 2025, with a median loss of $10,000 and rising cryptocurrency payouts.
World news
fromwww.aljazeera.com
2 months ago

South Koreans freed from Cambodian scam centres return home under arrest

South Korea banned travel to parts of Cambodia after 64 nationals were repatriated and arrested over involvement in large-scale online pig-butchering cryptocurrency scams.
Careers
fromBusiness Insider
4 months ago

She was living her life on Instagram. Then scammers turned her into a fake crypto queen.

The pig-butchering scam has resulted in extensive financial losses globally, involving manipulation and deception through online relationships.
Cryptocurrency
fromDatabreaches
6 months ago

U.S. Sanctions Cloud Provider 'Funnull' as Top Source of 'Pig Butchering' Scams

The U.S. sanctioned Funnull Technology for facilitating virtual currency investment scams causing significant financial losses.
Funnull's operations contribute to the rise of cyber scams targeting Americans.
[ Load more ]