New ‘Pig Slaughtering’ Crypto Scam Targets Silicon Valley Techies

A San Francisco Examiner reports that a new type of romance scam known as “pig slaughtering” is on the rise where criminals build a fake relationship with a victim in order to con them into investing in cryptocurrencies. Crypto Romance Scams On The Rise ‘Pig Slaughtering’ is a term used for scams where an individual or a group takes time to build a fake relationship with a victim, often putting in weeks or months of regular engagement with the target.