1、December 2024The Rise ofPig ButcheringScamsThe Rise of Pig Butchering Scams 2TABLE OF CONTENTSThe Rise of Pig Buthering Scams Background Introduction Executive Summary Findings Origins and Components of Websites Scam Impact Scam Promotion Engaging With the Scammers Conclusions RecommendationsContact
2、 us About Cyberint3345779121418192020The Rise of Pig Butchering Scams 3THE RISE OF PIG BUTCHERING SCAMSBACKGROUND In recent years,Pig Butchering(also referred to as 杀猪盘 shzhpn)scams have rapidly emerged as a significant global threat,primarily targeting individuals with fraudulent investment schemes
3、.This type of scam,originally known for its roots in China,has transformed into a global phenomenon,where victims are led to believe they are making lucrative investments,often in cryptocurrency.The name pig butchering comes from scammers“fattening up”their victims by gaining their trust before seiz
4、ing their funds,leaving the victims with significant losses.The scam involves criminals engaging with targets through social media,direct messaging apps,and dating apps,sometimes for months,to build a sense of trust and familiarity.Eventually,the victims are convinced to invest in what appears to be
5、 a legitimate venture,only to realize later that their money has been stolen.This scam is now global,with operations frequently run by groups in Southeast Asia.According to the FBI,cryptocurrency-related scams,including pig butchering scams,accounted for a staggering$5.6 billion in reported losses i
6、n 2023,a sharp increase from previous years.On a global scale,losses attributed to pig butchering and similar schemes were conservatively estimated at around$64 billion annually.12Figure 1:FBI report highlights a significant rise in both the number of complaints and financial losses related to crypt
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