Cybercriminals now favor pig-butchering scams over ponzi schemes

Cybercriminals are switching up their game. Chainalysis, in its recent crime update, reports that scammers are ditching the old Ponzi schemes for something nastier: pig-butchering scams. Huge syndicates, like one operating out of Myanmar’s KK Park, have pulled in over $100 million this year alone. These operations are big, organized, and running like clockwork. Chainalysis […] source: https://www.cryptopolitan.com/pig-butchering-scams-over-ponzi-schemes/