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According to the Washington Post, federal law enforcement and major crypto exchanges appear to be behind in cracking down on fraud growth.

Questions:

  1. What is “pig-butchering”?
  2. Why is pig-butchering expected to become the costliest internet scam in the U.S. in the next few years?
  3. What is GASO and what does the group do?

Source:

Newmyer, T. (2023). Crypto scam aimed at online acquaintances costs victims billions. The Washington Post, Feb. 14 (Retrievable online at https://www.washingtonpost.com/business/2023/02/14/crypto-scam-lost-billions/)