Crypto Frauds Surge 40% in 2024: $3.6 Billion Lost to ‘Pig Butchering

TL;DR The “Pig Butchering” fraud caused $3.6 billion in losses in 2024, making it the biggest threat to cryptocurrency users. Cyber frauds increased by 40% compared to the previous year, with $2.3 billion in losses. Despite the losses, $1.3 billion was recovered thanks to the efforts of investigators, and although there was an increase, the ... source: https://crypto-economy.com/crypto-frauds-surge-40-in-2024-3-6-billion-lost-to-pig-butchering/