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And globally: New Study Estimates as Much as $75 Billion in Global Victims’ Losses to Pig-Butchering Scam https://time.com/6836703/pig-butchering-scam-victim-l

And globally: New Study Estimates as Much as $75 Billion in Global Victims’ Losses to Pig-Butchering Scam https://time.com/6836703/pig-butchering-scam-victim-loss-money-study-crypto/ https://time.com/6836703/pig-butchering-scam-victim-loss-mon... Mostly due to human traffickers being held and forced to scam others against their will. Absolutely heart breaking, sickening, and scary.

janalsncm 2y ago
And I just learned about the “scam factories” that run these big butchering operations. It’s amazing that they are allowed to operate openly.
- testingonetwo34 2y ago
  I also have not heard of the scam factory mechanism and am shocked. I dug a little through sources and this document with more substance: https://s3.ap-southeast-2.amazonaws.com/assets.baliprocess.net/app/uploads/2023/04/07111922/TiPScams-Policy-Brief_RSO.pdf https://s3.ap-southeast-2.amazonaws.com/assets.baliprocess.n...
- j0hnyl 2y ago
  It's misleading to call all of these "crypto" scams. A lot of them are romance / fake investment scams, but the method of payment is crypto. A crypto scam would be a scam that's more native to crypto in my opinion.
nullc 2y ago
Several of the scam baiter channels have managed to get footage from insiders in pig butchering centers: https://youtu.be/vu-Y1h9rTUs?t=291 https://youtu.be/vu-Y1h9rTUs?t=291 https://youtu.be/DS1ge8-31IY?t=106 https://youtu.be/DS1ge8-31IY?t=106