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Home Blockchain

How pig-butchering crypto scams turn trust into a financial weapon

by DigestWire member
February 23, 2026
in Blockchain, Crypto Market, Cryptocurrency
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How pig-butchering crypto scams turn trust into a financial weapon

Long-term trust-building tactics power pig-butchering crypto scams, the fastest-growing fraud threats today.

Unlike phishing attacks that defraud victims quickly, pig-butchering scams build long-term emotional trust before introducing fraudulent crypto investment opportunities.

From casual outreach and relationship building to fake profits, escalating deposits and blocked withdrawals, each step is carefully designed to deepen commitment.

Blockchain security firm CertiK reported $370.3 million in scam-related losses in January 2026 alone, with social engineering tactics accounting for the majority.

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Bitwise CIO Matt Hougan Challenges the ‘Commodity Blockspace’ Thesis

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How pig-butchering crypto scams turn trust into a financial weapon

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