Articles for tag: cryptocurrency schemes, cyber fraud, Interpol, online scams, organized crime, romance baiting, victim support

Market News

INTERPOL Advocates “Romance Baiting” Terminology Over “Pig Butchering” in Scam Awareness Efforts

On December 18, 2024, INTERPOL announced a shift in terminology from “pig butchering” to “romance baiting” to describe online scams that exploit victims through fake romantic relationships, tricking them into investing in phony cryptocurrency schemes. This change aims to address the stigma surrounding victims and encourage them to report these crimes. The term “pig butchering,” ...

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