Friday, September 23, 2022 1:18:07 PM
What Is "Pig Butchering?" Crypto's New Super Scam, Explained
Pig butchering is a relatively new financial con in which “pigs,” or targets, are “butchered” by people who convince them to invest ever-larger sums in purported cryptocurrency-fueled trading platforms. The fake platforms are designed to look real, and make the victims believe that their investments are making fantastic returns — until their scammer, and all the money they believe they’ve invested, disappears.
Meanwhile, another week ends with GIFX still Caveat Emptor.
HOPE IS MOTIVATION; REALITY IS PROFIT
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