0 sats \ 2 replies \ @028559d218 29 Aug \ on: Scammers ditch ‘elaborate’ crypto Ponzis for pig butchering: Chainalysis bitcoin
Pig butchering never made any sense to me.
If someone wants to buy 'crypto' or 'invest' in it... there are numerous mainstream exchanges to use and become familiar with. There is even a regulated bitcoin etf in some countries. Furthermore.... any of the popular crypto 'coins' and 'tokens' can be tracked in a portfolio manager or tracked manually just by their price. I don't understand why someone would need a sketchy-looking website to 'invest' with.
When people fall for these pig-butchering scams... what do they think they're buying anyway? The next frog-coin?
It's a targetted sweetheart scam.
These are a lot of work, and maybe only economical under slave labor conditions (the article suggests).
A repulsive economy.
reply
Yeah they have taken off because of human trafficking in Southeast Asia sadly... Without governments to step in and help these people it is a complete disaster for those trafficked. Myanmar is in such disarray that criminal organizations can either buy off the military or buy of the regional militias in charge to run their opperation
reply