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Pig-Butchering Scams Exploit Crypto Enthusiasm as Victims Multiply
Pig-Butchering Scams Exploit Crypto Enthusiasm as Victims Multiply
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BTCCSquare news:
Financial predators are capitalizing on cryptocurrency hype through elaborate pig-butchering schemes, with Istanbul garment worker Ahmet Tozal becoming the latest casualty. The 44-year-old drained three credit cards and life savings after a WhatsApp stranger posing as a wealthy businesswoman groomed him for months before pushing fraudulent digital asset investments.
These long-con operations mirror agricultural husbandry - scammers fatten their targets with false intimacy before financial slaughter. The Istanbul case follows a global pattern where friendly error messages evolve into investment pitches, often using fabricated credentials and stolen photographs to establish trust.
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