⚖️ SEC Sues 3 Individuals and 5 Companies for Pig Butchering Scam
These are the SEC's first steps toward this type of crypto scam.
Pig butchering is a type of trust-based investment scam in which fraudsters befriend victims on social media or dating apps, gain their trust, and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.
https://www.coindesk.com/p.../
These are the SEC's first steps toward this type of crypto scam.
Pig butchering is a type of trust-based investment scam in which fraudsters befriend victims on social media or dating apps, gain their trust, and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.
https://www.coindesk.com/p.../
SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams
The enforcement actions are the first from the SEC alleging this type of crypto scam.
https://www.coindesk.com/policy/2024/09/17/sec-charges-3-individuals-5-companies-with-operating-pig-butchering-scams/
1 day ago
