{"id":4677,"date":"2022-06-04T10:13:14","date_gmt":"2022-06-04T10:13:14","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=4677"},"modified":"2022-06-04T10:13:15","modified_gmt":"2022-06-04T10:13:15","slug":"new-crypto-scam-targets-tech-savvy-individuals","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=4677","title":{"rendered":"New crypto scam targets tech savvy individuals"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/> \ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions!<\/p>\n<p style=\"font-weight: 400;\">A San Francisco Examiner report has revealed that two tech-savvy individuals were victims of an elaborate crypto scam that led to the loss of $2.5 million.<\/p>\n<p style=\"font-weight: 400;\">The report revealed that the scam technique used by these malicious players is known as \u2018pig slaughtering.\u2019<\/p>\n<p style=\"font-weight: 400;\">A pig slaughtering scam usually starts on dating platforms or social media, where the scammers get in touch with their victims. Initial interactions focus on building trust and a relationship with the victim, which could take weeks or months.<\/p>\n<p style=\"font-weight: 400;\">The scammer convinces his victim to invest in crypto, usually through a duplicate version of a real crypto platform or by convincing them to send funds to a wallet address.<\/p>\n<p style=\"font-weight: 400;\">One of the victims, who preferred to be identified as Cy, lost $1.2 million after two months of correspondence with the scammers.\u00a0<\/p>\n<p style=\"font-weight: 400;\">Perhaps even stranger is the case of R, who said the scammer approached her on LinkedIn and won her over with a professional profile and being an alumnus of the same tech university she graduated from in China.<\/p>\n<p style=\"font-weight: 400;\">The conversation soon moved to WhatsApp, where the scammer worked her for a month before convincing her to send funds to a crypto website. She lost $1.3 million.\u00a0<\/p>\n<p style=\"font-weight: 400;\">Speaking on her ordeal, she said:<\/p>\n<p style=\"font-weight: 400;\"><strong>I never thought it could happen to me because I use tech. I\u2019ve written software.<\/strong><\/p>\n<p style=\"font-weight: 400;\">The Federal Bureau of Investigation has alerted people to the prevalence of this type of crime. In April, it sent out a warning about romance scams and pig slaughtering, claiming it received over 4,300 complaints in 2021.<\/p>\n<p style=\"font-weight: 400;\">An investigator with cybersecurity company, Sift discovered that 1 in every 20 people she interacted with on dating apps in the San Francisco area was involved in the scam -an indication of how these scammers have been targeting a specific set of people.<\/p>\n<p>Posted In: U.S., Crime, Scams<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/new-crypto-scam-targets-tech-savvy-individuals\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions! A San Francisco Examiner report has revealed that two tech-savvy individuals were victims of an elaborate crypto scam that led to the loss of $2.5 million. The report revealed that the scam technique used by these malicious players is known as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-4677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4677"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4677\/revisions"}],"predecessor-version":[{"id":4679,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4677\/revisions\/4679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/4678"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}