Pig Butchering Scams Hit All-Time High, According to Chainalysis

TL;DR Pig butchering scams hit an all-time high in 2024, with a 40% increase in revenue to $9.9 billion, according to Chainalysis. Scammers increasingly leverage AI to create realistic fake images and videos, leading to a 1900% increase in revenue for AI service vendors. Scam tactics have evolved to include fake work-from-home job offers, with ... source: https://crypto-economy.com/pig-butchering-scams-hit-all-time-high-according-to-chainalysis/