Cryptocurrency Q&A
How much money did a pig-butchering scam get from a crypto wallet?
How much money did a pig-butchering scam get from a crypto wallet?
SejongWisdomKeeper
Fri Jul 19 2024
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6 answers
1724
Could you elaborate on the extent of financial damage inflicted by a pig-butchering scam on a cryptocurrency wallet? How substantial was the amount stolen? Did the attackers target a specific individual or a group? Did the scam involve sophisticated methods to deceive the victims? Understanding the specifics of this incident is crucial to assessing the impact and potential risks posed by such scams within the cryptocurrency ecosystem.
6 answers
Nicolo
Sun Jul 21 2024
The victims are often elderly or inexperienced investors who are unaware of the risks involved in the volatile cryptocurrency market.
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Lucia
Sun Jul 21 2024
According to TRM Labs, a U.S. blockchain analysis firm, the wallet is linked to pig-butchering scams, a form of fraud targeting unsuspecting cryptocurrency investors.
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BlockchainWizard
Sun Jul 21 2024
Two other renowned crypto-tracking firms have concurred with TRM Labs' findings, verifying that the wallet in question has received funds associated with these scams.
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Federica
Sun Jul 21 2024
Among the victims of these scams is a 71-year-old resident of California, who fell prey to the elaborate deception perpetrated by the perpetrators.
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DigitalLord
Sun Jul 21 2024
The crypto wallet under scrutiny has been identified as a source of illicit funds, with at least $9.1 million traced to it.
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