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Fraudsters Steal Over $1 Million in Three Weeks in ‘Pig Butchering’ Scam
Identity Theft, Fraud, Scams
September 19, 2023
Infosecurity Magazine
The attackers utilized fake trading pools of cryptocurrency from decentralized finance (DeFi) trading applications to defraud their victims, with one individual losing $22,000 in a single week.
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Pig Butchering Scam
CryptoCurrency Theft
Fake Trading Pools
DeFi
DeFi Trading Applications
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