In this scam, the crooks view their victims as pigs that can be tempted and tricked into turning over their life savings.
According to prosecutors, a Facebook user convinced him to invest in a crypto scheme that did not exist after cultivating an online romance with the man.
WPBF Channel 25 on MSN
'Pig butchering' scam uses fake crypto investments to target victims
A digital forensics expert explains how scammers use trust-building tactics and fake cryptocurrency investments in a growing scheme called pig butchering.
The Cool Down on MSN
Study finds AI chatbot nearly doubled scam success against human con artists
Even after recognizing the AI, many participants still followed through.
8monon MSN
Pig butchering: Bay Area widow loses nearly $1M in crypto scheme, ChatGPT alerts her to scam
"ChatGPT told me no, this is a scam, you better go to police station... so I panicked at that time, I panicked and I call him. I say, you are scamming me!" the victim said.
Scammers are targeting victims through social media, dating apps, and texts, using fake relationships and cryptocurrency ...
As scams get more advanced and AI makes them even harder to detect, our instinct to blame victims is making scammers’ jobs ...
WPBF Channel 25 on MSN
Jupiter man says investment scam stole his life savings, forcing him to start over at 67
The 67-year-old man from Jupiter says he lost more than $700,000 and now relies on a bicycle for transportation while searching for work.
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