Lonely hearts in Silicon Valley are reportedly falling prey to a wave of "pig slaughtering” crypto scams via dating apps.
An investigator for cybersecurity company Sift found that one in 20 people who approached her on dating apps in San Francisco was working the scam.
Pig slaughtering, or butchering, is a type of scam in which an individual/group puts in weeks or months of work to build a fake relationship with the victim, metaphorically fattening them up. The end goal is to get the victim to invest in crypto via either a duplicated version of a legitimate website, or by transferring funds to a dodgy wallet address.
The scammers often shift the conversations over from dating apps or social media to encrypted messaging services such as WhatsApp, and put in countless hours of daily conversation to make their fake personas seem realistic, without ever actually meeting in person in most cases.
A June 2 report from the San Francisco Examiner detailed the accounts of two relatively...
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