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How Pig Butchering Scams Target Ethereum Investors and Steal Billions in 2024

  • Pig Butchering scams stole $3.6B from crypto investors in 2024, targeting Ethereum with 150,000 wallet addresses.
  • Access control breaches account for 81% of crypto fraud in 2024, with North Korean hackers stealing $1.34B.
  • Pig Butchering scams involve building close relationships with targets and tricking them into investing in fake cryptocurrency platforms.
  • Cryptocurrency theft rose to $2.2B with 303 incidents in 2024, with hackers using mixers and poor key management.

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