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‘Pig Butchering’ Crypto Romance Scams Up 85 Times Since 2020

Revenue from romance scams doubled from 2022 to 2023, even as the total value sent to scams fell, according to a new report from Chainalysis.

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‘Pig Butchering’ Crypto Romance Scams Up 85 Times Since 2020
Revenue from romance scams doubled from 2022 to 2023, even as the total value sent to scams fell, according to a new report from Chainalysis.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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