Meta Says It Has Removed More Than 2 Million Accounts Linked to Pig-Butchering Scams [CNET News]
Coinbase Global, Inc. - Class A (COIN)
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Source: CNET News
that human rights activists say are responsible for both forcing hundreds of thousands of people to work as scammers and the theft of billions of dollars from victims around the world In a Thursday blog post , the parent of Facebook, Instagram and WhatsApp says the pig-butchering scam operations -- based in Myanmar, Laos, Cambodia, the United Arab Emirates and the Philippines -- use platforms like Facebook and Instagram, dating, messaging, crypto and other kinds of apps, along with texts and emails, to globally target people. The scammers strike up an online relationship with their victims, gaining their trust along the way, then moving their conversations to crypto apps or scam websites and duping them into making bogus investments or otherwise handing over their money, Meta said. They'll ask the victims to deposit money, often in the form of cryptocurrency, into accounts, sometimes even letting the victims make small withdrawals, in order to add a veneer of legitimacy. But onc
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