Insights & Regulatory Updates

Beware of Pig Butchering Schemes and the Growing Threat of Crypto Scams
Anderson Insights K. Braeden Anderson Anderson Insights K. Braeden Anderson

Beware of Pig Butchering Schemes and the Growing Threat of Crypto Scams

2024 has seen alarming developments in the world of financial fraud, with North Korean hackers stealing a record $1.3 billion in cryptocurrency this year alone. According to a recent Chainalysis report, North Korean-linked hackers accounted for more than half of the $2.2 billion stolen from cryptocurrency platforms in 2024. While these state-sponsored cyberattacks pose a significant threat to national security, individual scams like pig butchering schemes are wreaking havoc on unsuspecting victims worldwide.

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