In 2024, a new wave of scams targeting Ethereum investors has emerged, known as pig butchering scams. These scams have managed to steal billions of dollars from unsuspecting investors.
The way these scams work is by promising high returns on investments in Ethereum, only to disappear with investors’ money. The scammers use deceptive tactics to lure in victims, often through social media platforms and fake websites.
Once investors send their money to the scammers, they quickly disappear, leaving investors with no way to recover their funds. This has led to significant financial losses for many individuals who fell victim to these schemes.
It is important for investors to be cautious and do thorough research before investing in any cryptocurrency scheme. By staying informed and vigilant, investors can protect themselves from falling prey to these pig butchering scams.