Beware of “Pig Killing Plates”: Las Vegas Residents Targeted in Cryptocurrency Scam

02/17/2023 17:06 • Metaverse Matters • 70 views

It is reported that the Federal Bureau of Investigation (FBI) of the United States said that more and more residents of Las Vegas have become the target of encrypting “pig killing plates”. The fraudsters get to know the victims through the network, develop into friends or lovers, and then induce the victims to invest in cryptocurrency, and steal assets through phishing links.

FBI: Las Vegas has become the hardest hit area for encrypting “pig killing plate”

Analysis based on this information:

The Federal Bureau of Investigation (FBI) has issued a warning to residents of Las Vegas as they have become the targets of a new cryptocurrency scam called “pig killing plates”. The modus operandi of the fraudsters is to gather information on their victims through social networks. They use this information to develop fake relationships with the victims and lull them into a false sense of security. Once the fraudsters establish trust, they induce victims to invest in cryptocurrency through various means such as phishing links. This ultimately leads to the theft of their assets.

The FBI report indicates that the scammers’ tactics are evolving, becoming more sophisticated with each passing day. Hence, people are being cautioned to be vigilant with their online activities and who they choose to associate with. It is imperative to carry out thorough research and background checks of people who request to be friends or develop relationships online.

The term “pig killing plates” is thought to be derived from a Taiwanese language. It is believed to be related to the Taiwanese mafia, who would extract money from their victims under the disguise of selling government-approved plates for the killing of pigs. However, once the money was transferred, the victim never received the plates or could not use them as intended.

The technological advances of the last few years have opened doors for fraudsters to develop creative means of stealing people’s money. In particular, cryptocurrencies have become a target because of their anonymity, decentralization, and the inability of the government to regulate them adequately.

In conclusion, the increased use of cryptocurrencies has given rise to different types of fraudulent activities. The “pig killing plates” scam in Las Vegas is just one of many that are vying for the unsuspecting public. It is, therefore, necessary to remain cautious when handling sensitive information online, particularly with relationships developed online. Citizens must continue to educate themselves on the dangers of the internet and the best practices to protect themselves.

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