Damn 😳

“It’s possible, Bloomberg reported, that Hanes fell victim to “pig butchering,” where scammers “fatten” victims up with a pledge of profitable returns but “slaughter” them before making good on their promises.

The FBI warned the public in December of such scams, noting that it “anticipates a higher loss in funds with investment scams this year, primarily due to the increase in Cryptocurrency Confidence [‘pig butchering’] scams which are one type of investment scam following particular typologies to scam victims.”