Category: Pig butcher scam

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Report: Namibian Police Arrest 20 Ringleaders of Local Pig Butchering Crypto Scam

October 18, 2023

Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160. Young Namibians Recruited The Namibian police are reported to have…
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US Authorities Warn of ‘Pig Butchering’ Crypto Scam Becoming Alarmingly Popular

August 21, 2022

U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.” ‘Pig Butchering’ Crypto Scam on the…
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