Pig Butchering Scams & Romance Scams in Crypto : Deciphering & Combatting Crypto Crime Typology

Graeme dissects the Pig Butchering Scams in Crypto, detailing how scammers lure victims into setting up wallets on legitimate exchanges. This scam takes advantage of the complexity and unfamiliarity of cryptocurrency transactions. It begins by establishing trust and a connection. Scammers create a fake persona typically an ideal romantic partner, and reach out to potential victims via online dating sites and social media, spending considerable time cultivating a deep emotional bond with the victim.