Research from the University of Texas found that the commonly used cryptocurrency in "pig killing plate" scams is Tether

A study by the University of Texas at Austin found that the "pig killing plate" scam has stolen more than $75 billion in funds globally in the past four years (from January 2020 to February 2024). According to more than 4,000 victims tracked by relevant research With the encrypted address, most of the fraudulent funds will be converted into the stable currency Tether. Usually the fraudster will lure the victim to invest in cryptocurrency through text messages that appear to be sent by mistake, and then disappear. (Bloomberg)