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India is intensifying its efforts to combat the rise of crypto scams, specifically targeting 'pig butchering' frauds that resulted in losses of $3.6 billion in 2024. The Indian government has partnered with technology giants Google and Meta to address this issue. The collaboration aims to tackle the misuse of advertising platforms and phishing tactics commonly employed by scammers. The initiative is expected to lead to swift action against fraudulent ads and the blocking of scam-related accounts, enhancing consumer protection in the crypto space.
India Levels Up Against Crypto Scams with Big Tech Muscle India's partnership with Google and Meta is a power move against the $3.6B “pig butchering” crisis of 2024. Fraudsters misusing ad platforms and phishing tactics are now facing swift ad takedowns and blocked accounts.… https://t.co/3KkdFMpEYX
India Strikes Back at Crypto Grifters with Google & Meta Collab The Indian government is stepping up its game against crypto scams, targeting “pig butchering” frauds that siphoned $3.6B in 2024. With Google and Meta in the mix, ad networks and phishing schemes are getting… https://t.co/ty36RHGE4N
India partners with tech giants Google, Meta to curb ‘pig butchering’ scams https://t.co/s9BNUT3e4j
