Current Scams - 09-2023 Archive

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FinCEN issues alert on ‘pig butchering’ crypto scam

ABA Banking Journal
Monday Sep 11th, 2023

The Financial Crimes Enforcement Network has issued an alert for financial institutions and the broader public on a virtual currency investment scam known as “pig butchering.” In the scams, bad actors use fake identities to build personal relationships with victims they call “pigs” so they can steal their assets.

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