Cryptocurrency Market News – Nanaits

Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study

Chain analysts and law enforcement are sounding the alarm about a type of fraud known as “pig-butchering,” in which criminals groom victims online and push them into fake crypto investments. According to Chainalysis, crypto scams sent close to $10 billion on-chain in 2024, with pig-butchering revenue growing almost 40% year-over-year and the number of deposits…

2 mins read