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A cryptocurrency scam involving fake love ensnares victims in the US, with a Philadelphia tech professional losing $450,000. The scam, known as 'pig butchering,' is linked to Tether fraud, with FTX and Alameda funded by it. Additionally, a Chainalysis report highlights Myanmar-based romance scammers amassing $100 million in crypto.
Chainalysis report reveals Myanmar-based romance scammers amassing $100 million in crypto, underscoring the nexus between illicit activities and digital assets https://t.co/GistDQgujd
Shreya Datta, a tech professional from Philadelphia, was defrauded of nearly $450,000 through a cryptocurrency romance scam known as "pig butchering" https://t.co/F346S9swh3
'Fake love' crypto scammers ensnare US victims. The "wine trader" wooed her online for months. Then he went for the kill, defrauding the Philadelphia-based tech professional out of $450,000 in a cryptocurrency romance scam https://t.co/keH8s6pFDZ https://t.co/tV5ZXqmIyH