Replying to a stranger’s message on-line may very well be step one towards shedding most of your life financial savings in a “pig butchering rip-off,” probably the most widespread kinds of scams involving cryptocurrencies and traditional fiat cash.
Greater than $75 billion was stolen worldwide by means of such a rip-off, in line with a current College of Texas at Austin examine.
In our newest video, we dive into this alarming pattern, sharing the real-life tales of Daniel and Jose, two people who have been focused by scammers and suffered vital monetary losses that left lasting impacts on their lives.
Nevertheless, this harmful rip-off not solely targets individuals’s funds — it additionally preys on their belief and feelings.
All through the video, we clarify how scammers function by slowly gaining their victims’ belief by means of unsolicited messages, usually pretending to be somebody they don’t seem to be.
By interviewing crypto investigators and rip-off specialists, we uncover the fraudsters’ psychological strategies, which embrace making a false sense of urgency and making their targets really feel they should act quick or miss out on a once-in-a-lifetime alternative.
These provides often appear too good to be true — as a result of they’re.
Apart from declaring the pink flags you need to be searching for to keep away from these scams, we additionally clarify what victims can do to recuperate their stolen funds (spoiler: not a lot).
Watch the video on our YouTube channel, and don’t neglect to subscribe!
