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Pig Butchering Scam: How Bitcoin, Ethereum, Litecoin and Spot Gold (XAUUSD) Investments Are Used in Romance Scams to Steal Hundreds of Millions
Cyber Exposure Alerts www.tenable.com
This is the second part of a two-part series based on firsthand research into pig butchering scams from the end of 2022 into early 2024. In this post, we delve into the types of investment scams perpetrated by pig butchers to steal hundreds of millions of dollars from victims, including in the form of cryptocurrency and spot gold.
Tenable researchers Jessie Jamieson and Ziga Cerkovnik assisted this research through compiling and analyzing Ethereum blockchain transaction data associated with the pig …
bitcoin end ethereum investment investments investment scams litecoin millions pig butchering pig butchering scams research romance romance scams scam scams series steal types