As Crypto Fraud Expands, Pig Butchering Scams Skyrocket 210%
With criminals using fresh tactics to maximize their illegal earnings, the terrain of crypto scams is changing at a concerning speed.
Recent data from blockchain forensics firm Chainalysis reveals a significant shift in how scammers operate, showing a preference for targeting more victims with smaller amounts rather than focusing on big fish.
This transformation represents a pivotal turning point in the crypto crime scene, where criminal success appears to depend on adaptation.
The Rise Of Pig Butchering And High-Yield Investment Schemes
The figures show a clear picture of the present scene of crypto frauds. Representing 50% and 33% respectively, high-yield investment scams and pig slaughtering operations dominated the…
