#Pig Butchering

December 27, 2024

Crypto’s $3.6B Pig Butchering Scandal: Lessons and Losses in 2024

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Pig Butchering Scams in 2024: A $3.6 Billion Crisis and Lessons Learned The term “pig butchering” doesn’t refer to farm life but rather a serious scam targeting crypto users. In 2024, this scheme resulted in losses exceeding $3.6 billion, with Ethereum being a prominent stage for these fraudulent activities. Pig butchering scams resulted in $3.6 […]

#Ethereum #Pig Butchering #WazirX #Cyber Fraud

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December 19, 2024

Nigeria Strikes Back: 800 Arrested in Massive “Pig Butchering” Crypto Scam Bust

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Unmasking the “Pig Butchering” Crypto Scam in Nigeria Nigerian authorities have delivered a powerful blow to cybercrime networks, arresting nearly 800 individuals involved in a sophisticated “pig butchering” cryptocurrency scam. Spearheaded by the Economic and Financial Crimes Commission (EFCC), this operation targeted a nerve center in Lagos where foreign nationals and local accomplices devised intricate […]

#Pig Butchering #EFCC #Cryptocurrency Scam #Lagos

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