Maryland Woman Loses $3 Million in Pig Butchering Crypto Scam
A Maryland woman lost $3 million in a "pig butchering" crypto scam. The fraud originated from a Southeast Asian scammer who built trust over weeks via a Korean messaging app.
- The scammer requested funds for cryptocurrency investments, presenting a fake portfolio to appear legitimate.
- The victim reported seeing supposed profits of 80% before investing more money.
- FBI agent Sarah Lewis identified the scam through Operation Level Up, aimed at combating cryptocurrency fraud.
- Scammers often instruct victims on how to respond to law enforcement, complicating intervention efforts.
- Crypto scams are increasing; recent reports indicate Coinbase users lost over $46 million to scams targeting wallets.