Technical News Office –Smartphones and the Internet have brought many conveniences to our lives. However, they don’t just bring us comfort. The Internet has also given rise to many problems. The biggest threat coming from the Internet is related to online scams and fraud. In recent times, cases of cyber fraud have increased significantly. Recently, Meta banned over 20 million social media accounts due to online scams. These accounts were banned due to a scam called “Pig Butchering”.
“Pig butchery” has made the problem worse
The “Pig Butchering” scam has become a common scam these days. To put an end to this scam that deceives people, Mark Zuckerberg has decided to ban more than 20 million social media accounts. In this scam, scammers and cybercriminals pretend to be friends and then trick them into investing money in a fake scheme. In the “Pig Butchering” scam, scammers often ask people to invest money in a cryptocurrency-related scheme. . Scammers first make friends online and then gain trust through mutual conversations. Fraudsters gradually begin to extort money from people. They lure them with huge profits through fake schemes and then ask them to invest this money. As soon as people invest money, criminals steal all the money and disappear.
People are deceived into attracting people
Let us tell you that in the “Pig Butchering” scam, scammers mainly contact people through social media, dating apps or text messages and make them fraud victims. Such scams are mainly carried out by large gangs. These scams are currently happening in many Asian countries like Cambodia, Laos, and Myanmar. Scammers also trap people by promising them jobs abroad.
According to a 2023 report, around 3 lakh people have been trapped in the ‘Pig Butchering’ scam, while the gang linked to the scam steals around $43 billion every year. Meta has been investigating these online scams for two years. Meta has banned thousands of accounts linked to this scam. If you want to avoid scams and fraud, you should avoid being tempted by messages or offers from strangers on social media.
Share this story
