As Crypto Fraud Expands, Pig Butchering Scams Skyrocket 210%

With criminals who use new tactics to increase their illegal profits, the terrain of encrypted fraud changes at a disturbing speed.

Modern data from the forensic medicine company Blockchain Series detection A major shift in how the fraudsters work, indicating a preference for targeting more victims in smaller quantities instead of focusing on large fish.

This transformation represents a pivotal turning point in the theater of encryption crimes, as it appears that criminal success depends on adaptation.

The climb of pine slaughtering and high -yielding investment plans

The numbers show a clear picture of the current scene of coding. The sector represents 50 % and 33 %, respectively, high -yielding investment fraud and swine slaughter operations dominated the sector.

The phenomenon of swine slaughtering, in particular, has witnessed an amazing increase of 210 % in total deposits during the year 2024, despite the decrease in the average deposit volume of each victim.

These fraud operations, which were used to build confidence before the fraud, are now faster and more widespread.

Since 2020, fraud in the series has increased by 24 % annually. If its growth rate is identical to the Crypto Crime report this year, the total of 2024 billion dollars may approach.

Source: Chainalysis

From Southeast Asia to global operations

What started in the mysterious corners of the hot points in Southeast Asia has now expanded all over the world. The development was fast and calm. Budgets are now using rapid work fraud and fake jobs from home as well as their typical long tactics.

Source: Chainalysis

It was deliberately developed, not just the spatial. For example, the HUIONE guarantee platform has dealt with $ 70 billion in digital currency transactions since 2021, raising serious questions regarding the role played by reliable platforms in allowing these fraud.

The new face of encryption crime

The development of coding fraud exceeds the main “killing of pigs”. The explosive character of these attacks is displayed by an increase of 15,000 % in headquarters poisoning after a major attack in May last year.

Not far from an increase in 70 % deposit and 170 % of the income increase of attrition boxes. The appearance of fraud in direct broadcasts, the spread of blackmail and sextorder, a disturbing image of these dirty activities.

Data indicates a more calculated criminal approach than the degree of decrease in fraud. Artists invest a lesser time that tends to each victim and target less money to simplify their operations.

The widespread use of the coded currency of fraud has created new problems for law enforcement and bitcoin users. Since these programs are increasing in size, it becomes important to understand the most advanced monitoring methods and how to protect potential victims from the threats that always change.

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