{"id":15902,"date":"2022-12-28T07:15:34","date_gmt":"2022-12-28T07:15:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fbi-renews-warning-about-pig-butchering-crypto-scam-sweeping-the-country-featured-bitcoin-news\/"},"modified":"2022-12-28T07:15:34","modified_gmt":"2022-12-28T07:15:34","slug":"fbi-renews-warning-about-pig-butchering-crypto-scam-sweeping-the-country-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fbi-renews-warning-about-pig-butchering-crypto-scam-sweeping-the-country-featured-bitcoin-news\/","title":{"rendered":"FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called \u201cpig butchering\u201d that is sweeping across the U.S. \u201cBe very careful when you go on social media and dating apps and somebody starts developing a relationship with you,\u201d cautioned an FBI specialist.<\/strong><\/p>\n

FBI Warns About Pig Butchering Crypto Scam<\/h2>\n

The Federal Bureau of Investigation (FBI) has renewed its warning about the \u201cpig butchering\u201d cryptocurrency investment scam. Frank Fisher, public affairs specialist at the FBI\u2019s Albuquerque division, warned that the pig butchering crypto scam \u201cis sweeping the country,\u201d CNN reported Monday, quoting him as saying:<\/p>\n

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Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you, and wants you to start investing \u2026 Don\u2019t get butchered.<\/p>\n<\/blockquote>\n

In pig butchering schemes, scammers \u201cfatten up the pig by getting the victim to think that they\u2019re investing in something and get them to move money into cryptocurrency,\u201d explained district attorney Jeff Rosen of Santa Clara County, California. He added that criminals in the pig butchering schemes \u201cfatten up\u201d their victims\u2019 digital wallets and then steal the money.<\/p>\n

Rosen\u2019s office manages a multi-agency task force combating technology-related crimes. He noted that based on the investigations conducted by his team, these crypto investment scams typically operate overseas, such as in Cambodia and China.<\/p>\n

The district attorney warned that scammers are particularly active during the holidays as they often prey on victims who may be feeling lonely.<\/p>\n

According to Rosen, pig butchering operations involve highly sophisticated methods and scammers have been \u201ctrained by psychologists to try to figure out the best way to manipulate people.\u201d He stressed:<\/p>\n

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You\u2019re dealing with people that are going to use different psychological techniques to make you vulnerable and to get you interested in parting with your money.<\/p>\n<\/blockquote>\n

U.S. authorities warned in August that the pig butchering crypto scam is becoming alarmingly popular<\/a>. In November, the Department of Justice (DOJ) seized<\/a> seven domain names used in pig butchering schemes.<\/p>\n

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Crypto Scams<\/a>, dating crypto scams<\/a>, Pig butchering<\/a>, pig butchering crypto investment scam<\/a>, Pig butchering crypto scam<\/a>, Pig butchering cryptocurrency scam<\/a>, pig butchering FBI<\/a>, Pig butchering scam<\/a>, pig butchering warning<\/a>, scammers<\/a>, Scams<\/a><\/div>\n<\/div>\n

Have you come across any pig butchering scammers online? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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