Did you know? In 2024, cryptocurrency scams generated a record-breaking $12.4 billion, with over 83% of the fraud tied to high-yield investment schemes and AI-driven “pig butchering” scams, according to Chainalysis — highlighting how artificial intelligence is now fueling the next wave of crypto crime.

The “pig butchering” technique in cryptocurrency is a sophisticated scam where fraudsters build a long-term relationship of trust with the victim, often through dating apps or social media. Gradually, they convince the victim to invest in a fake cryptocurrency platform. Once the victim has deposited a significant amount of money, the scammer disappears with the funds — similar to “fattening the pig before slaughter.”

#TradingTypes101 #Bitcoin2025 #AI #scamriskwarning #BinanceSquareFamily