Business News›News›International›World News›How ‘Pig butchering’ scam stole $75bn using fake crypto investments globally
How ‘Pig butchering’ scam stole $75bn using fake crypto investments globally
Pig-butchering scams, exploiting vulnerabilities heightened by the COVID-19 pandemic, have stolen billions globally. Scammers build trust through fake crypto investments, leading to massive financial losses. Linked to human trafficking in Southeast Asia, the operations are allegedly controlled by former Macau gangster Wan Kuok-koi.
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