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Losses Define Epidemic of ‘Pig Butchering’ (krebsonsecurity.com)
29 points by DemiGuru on July 21, 2022 | hide | past | favorite | 7 comments



Horrible story and a rabbit hole of reading that only gets worse. There is a linked vice article about how the 'perpetrators' are mostly trafficking victims forced to work 15 hours a day as essentially slaves - beaten, tortured or murdered for underperformance, resistance or attempts to escape. The vice video contains some mild (if you are desensitized like most of us) videos of chained workers being beaten and tasered with a cattle prod.

All comes down to gangs, corruption and self-policing 'special economic zones' that have become crime heavens.


Yes. I was convinced to invest in Bitcoin through some site called CoinBase.Com. Putting money in was easy, but when it came time to take money out, they said I had to apply for a "CoinBase Visa Card" and they would transfer it as a cash advance (taking a 17% fee, of course.)

Avoid these scams.


Wow, 17%! At least it's slightly better than Coinbase's VCs like a16z who soaked their customers for at least 22%!

And the VCs get a tax break on on that, unlike Coinbase, as 2% is "expenses" and the other 20% is carry.


Similar situation here. I was tricked into opening a Coinbase account. I was able to pull some of my money out, but some of it is in "Bitcoin SV". Coinbase won't let me sell it and it won't let me transfer it. They are telling me I need to install some sketchy app and give them more personal information before I can transfer the funds, but at this point I want nothing further to do with them, I just consider it money that I have lost to a scam.


No way this is real.


Is that what's going on on Quora? I see a ton of people complaining about upvotes from accounts with profiles of attractive (often naked) women. I assumed they were trying to get people to OnlyFans/etc sites, but I'd believe they were trying to lure people to a crypto scam instead.


Cryptocurrencies seem to be today's version of the mortgage-backed-securities scams and related adjustable-rate-mortgage operations that were being pushed by somewhat similar methods around a decade ago.

https://dkrpa.com/blog/fraudulent-mortgage-backed-securities...




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