How to Steal $40 Million in a Single Scam

Pig butchering scams—in which fraudsters continuously extract money from a target—are a multibillion dollar epidemic. Court records show that just one scam operation can make at least tens of millions

Jan 30, 2024

∙ Paid

By Joseph Cox

This article was produced in collaboration with 404 Media, a new independent technology investigations site.

A pig butchering scam ring—where fraudsters often trick a target into funneling money into a fake cryptocurrency or other investment platform controlled by the criminals—may have made $40 million jus…

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