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A scam by any other name: Scammers building relationships onlie and then encouraging victims to put money into a crypto account, where it supposedly appreciates but can never be withdrawn, may be the most common fraud in the world right now. Scammers call it pig butchering, and some enforcement agencies have followed suit. But now Interpol urges use of “romance baiting” instead. The Fraud Report will continue to use the term crypto romance fraud. What do you think?
Nigeria arrests 792 for crypto romance fraud; man were from China
Consumer Reports: Scams impersonating banks are becoming increasingly common, and how they work