- U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering”.
- The scammer then puts the money into a crypto account which appears to grow in value, making the victim want to add more funds to the account.
- The Federal Bureau of Investigation (FBI) detailed in April: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money”.
US Authorities Warn of ‘Pig Butchering’ Crypto Scam Becoming Alarmingly Popular
