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⛓️ Crypto🔴 Bearish

Pig butchering is creating entirely new industries

Protos|Mark Toon|
Pig butchering is creating entirely new industries
Image via Protos
🤖AI Summary

Pig butchering scams are expanding rapidly and have created two new criminal industries: escrowing and selling hostages. This represents a significant evolution in cryptocurrency-related fraud operations.

Key Takeaways
  • Pig butchering scams have grown so large they've spawned entirely new criminal industries
  • Two new industries have emerged: escrowing and selling hostages within these operations
  • The rapid expansion indicates the scale and sophistication of these cryptocurrency fraud schemes
  • Criminal organizations are professionalizing and creating specialized roles within pig butchering operations
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