Episode 322: Crypto romance scams grew 40% in 2024! (Crypto Series Part XV)

This episode examines two reports, one from the SEC titled “Fiscal Year 2024 Report on Activities” and one from Chainalysis titled “Crypto Scam Revenue 2024: Pig Butchering Grows Nearly 40% YoY as Fraud Industry Leverages AI and Increases in Sophistication.” Crypto fraud has seen a massive increase in recent years but Pig Butchering and other so called romance scams have become increasingly popular by fraudsters. Anyone can fall victim to these scams, so it is critical to understand how they work and how they are perpetrated on victims. Links to both reports are included below.  

Link: 2024 Pig Butchering Crypto Scam Revenue Grows 40% YoY as Industry Increases Sophistication

Link: SEC OIAD Report on Activities: Fiscal Year 2025