Tagged: pig butchering

July 11, 2024 @ 6:12 pm By JD Alois  |  

Pig Butchering is a term that references a fairly common scam in which fraudsters target an individual, gain their confidence, and convince them to forward funds to an account where the con person and funds then disappear. Frequently, crypto is involved, as it is easy… Read More

June 22, 2023 @ 6:42 pm By JD Alois  |  

Another Pig Butchering scam is in the news again. “Sha Zhu Pan” or “Pig Butchering” is a romance plot designed to fleece the funds of the unsuspecting. In this case, the Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Cunwen Zhu and… Read More

April 21, 2023 @ 11:36 am By JD Alois  |  

The North American Securities Administrators Association (NASAA) has posted its annual list of top threats for retail investors. In the past, innovations like securities crowdfunding joined the group. The 2023 list leads with digital assets at the top of the list as regulators point to… Read More

April 4, 2023 @ 8:01 pm By JD Alois  |  

  Crypto Con: “Sha Zhu Pan” or pig butchering in Chinese Fraudsters and crooks tend to rehash their scams over time; the only thing that changes is the technology and tools utilized to separate money from the unsuspecting. Yesterday, the US Department of Justice (DOJ)… Read More