Lesson #525

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Pig butchering: a crypto scam cheating victims out of millions

A pig butchering scam starts with an innocent-sounding text message
December 1, 2022:

The texts seem innocent at first: a case of mistaken identity or a request for advice. But for many victims, these random messages were the first step in an elaborate scam that cheated them out of all their savings. "Pig butchering" scams build confidence with their victims over weeks months; then, they trick victims into "investing" in fake cryptocurrency accounts. Plus, learn what it means to "show your true colors."

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