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'Pig Butchering' Scam: Fake Relationships Lead to Cryptocurrency Theft

Guavy AI Editorial Team
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A scam known as 'pig butchering' is targeting victims through texts, dating apps, and social media by building fake relationships to steal money.

Scammers often spend weeks or months gaining their victims' trust by showering them with attention and flaunting a lavish lifestyle to appear successful.

Once trust is established, they propose investment opportunities related to cryptocurrency, guiding victims to convert their cash into crypto through publicly known exchanges, ATMs, or digital wallet services.

Digital forensics expert Wanderson Castilho warns of several red flags: 24/7 availability, falling in love too quickly, and bringing up money early on.

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