Sophos reveals Sha Zhu Pan scammers steal $1m with fake cryptocurrency trading pools - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

A global leader in innovating and delivering cybersecurity as a service, Sophos, has released findings on a major shā zhū pán (pig butchering) operation utilizing fake trading pools of cryptocurrency (liquidity pools) to steal more than $1 million, reports ITREALMS.

The report, “Latest Evolution of ‘Pig Butchering’ Scam Lures Victim in Fake Mining Scheme,” details the story of one of the scammed victims in the pools, named *Frank, and how he lost $22,000 in one week after “someone” pretending to be “Vivian” on the dating app MeetMe contacted him.