“Pig butchering,” an account-draining cryptocurrency scam, prompts FBI warning ...Middle East

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“Pig butchering,” an account-draining cryptocurrency scam, prompts FBI warning
By Caroline Foreback Click here for updates on this story     BALTIMORE, Maryland (WJZ) — The FBI is warning about a potentially devastating cryptocurrency scam called “pig butchering,” which could wipe out someone’s life savings. “Pig butchering” refers to a victim being fattened up for slaughter, according to the FBI. FBI data shows that 482 Maryland residents have fallen victim to cryptocurrency investment scams so far in 2024, with reported losses of more than $54 million. “Draining their entire checking and savings,” said FBI Special Agent David Paniwozik. “They’re draining their retirement accounts. Some of them are even taking personal loans as it relates to these.”

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